The immediate aftermath of the launch of T+1 settlement in the US on May 28 suggests the acceleration has not yet translated into increased FX risk. But it is still too early to tell what the longer-term impact will be.

Despite an overwhelmingly Italian business in retail, Intesa Sanpaolo has stepped up its share of corporate and investment banking revenue outside the country. In its global growth markets, divisional chief Mauro Micillo says the firm is here to stay.

With corporates taking a more holistic view of sustainability, banks are under pressure to address concerns over reporting and verification requirements for sustainable working capital, trade finance and liquidity management products.

Euromoney recently sat down in Dubai with the heads of investment banking for HSBC in the Middle East. The conversation focused on the burgeoning trade and deal flow between the Gulf region and Asia, what investors on both sides are looking for and why they like what they see.

The South Korean automaker is on track to raise upward of $3 billion via the listing of its India unit in Mumbai. If successful, it will surely compel more global firms to raise capital in south Asia’s largest market.

MBridge, China’s cross-border digital currency initiative, has entered the minimum viable product stage. It is the world’s most advanced cross-border CBDC and stands on the cusp of playing a pivotal role in the de-dollarization process.

The recent resurgence in M&A activity has driven interest in deal-contingent hedging as firms look for a buffer against unfavourable FX or interest-rate movements.

It is getting tougher for investors to execute block trades of more than €2 million in Europe’s fragmented equity markets. Matching buyers and sellers needs a return to negotiation and away from pure electronic trading.

The absence of staking and the earlier approval of spot Bitcoin exchange-traded funds have sucked much of the excitement out of the SEC’s surprising decision to greenlight spot Ethereum ETFs.

Hefty convertible bond sales by the likes of Chinese firms Lenovo and Alibaba, plus renewed interest in issuance from corporate Japan, have the market chattering. Is the market here to stay in Asia, or could a single soggy offering cause it to slam shut again?

Does the high number of drawn-out insolvency cases in the UK suggest a failure of regulation?

John Mathews, head of UHNW Americas for UBS in New York, tells Euromoney why the US’s private banking model is so successful, why the Swiss firm is really in the life counselling business, and explains why it has targeted US ultra-high net worth clients.

As securities markets shift to T+1, repo is already going intraday with DLR the first of what may be many digital trading platforms to offer JPM Coin for the cash leg.

By starting from a blank sheet of paper, Royal Bank of Canada hopes its new US cash-management platform will allow it to capture a greater share of wallet from existing clients while not being held back by legacy technology.

Corporate treasurers are playing it safe when balancing the merits of exploiting improved access to capital against the risk of unexpected economic shocks and business interruption.

Financial markets reacted calmly to news of an early UK election, expecting whoever wins to stick to the fiscal rules. But whoever wins must also cope with rising debts and onerous interest payments.

The prospect of interest rate cuts from the Fed in 2024 is disappearing. Japan and Korea are among those feeling the heat.

Will increased transparency in the European corporate bond market lead to higher transaction costs for large trades?

The bank is looking to capitalise on its local presence in Latin America as Korean and Chinese firms intensify their nearshoring efforts.

Unlike other firms in Latin America, BTG Pactual hides its growing retail digital banking business within its wealth-management division. Why?

In an interview with Euromoney, European Banking Authority chair José Manuel Campa joins the European Central Bank and others in pressuring banks to do more to prepare for geopolitical risks spreading from Russia to China, the US and Middle East.

Banks and regulators are keen to use instant payments to reduce the influence of Visa and Mastercard on the European payments industry – but replacing these two dominant players will be far from easy.

Naz Vahid is to leave Citi after nearly four decades as one of the US bank’s most effective and innovative wealth managers.

Blurring the lines in foreign exchange between automation, traditional AI and generative AI runs the risk of undermining trading services by setting unrealistic expectations.

Chief financial officers and finance directors have much to gain from bundling treasury services if they can convince senior management that such offerings deliver value for money.

As mandated real-time payments loom, Europe’s banks and other payment providers must look at modernising legacy infrastructure.

Corporates’ longstanding complaint on banks’ payments offerings is that they don’t know what they are being charged for but suspect it is too much. Airwallex now provides an alternative at global scale.

Restructuring HSBC, like painting the Forth bridge, is a never-ending job. While Noel Quinn has done well, the board must not make another ham-fisted transition.

A lack of consensus on whether recent under-performance of Asian currencies will impact China’s willingness to let its own currency weaken is leading to disparate views on near-term valuations.

The body responsible for settling about $6.5 trillion of global daily FX trades has decided against extending its deadlines to accommodate non-US participants who still want to use its next-day settlement service. But it expects the impact to be limited – far too limited to justify the complexity that a change would impose on its members.