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Deutsche Bank pledges to update anti-money laundering (AML) processes after failings uncovered by the Financial Conduct Authority (FCA) in a move that's pushing other banks to reassess their own operations.

"It has become commonplace to depict the LIA at this early stage of its development as a bunch of oil-rich buffoons, corrupt, uninformed and unaccountable, but the true picture was far more nuanced than that. From the outset, there were senior, experienced people at the LIA, among them Mohammed Layas, the LIA’s first chairman, who had been chairman and general manager of the Libyan Arab Foreign Bank; and Hatim Gheriani, who became CIO in April 2007. Gheriani was an experienced ex-Commerzbank investment banker who had worked with Layas and has since gone on to HSBC. There were also highly regarded external advisers.

The UK’s economic and structural ECR scores are holding up well despite the possibility that its people will vote to leave the European Union (EU) next week. The strength of the sovereign’s outlook means that if the UK did vote to leave, it could quickly recover from the ensuing drop in its risk score, claim several experts this week.

The potential for next week’s EU referendum to trigger a sizeable movement in sterling highlights the need for clients to review their use of stop-loss orders as a risk-management mechanism, amid memories of the SNB debacle.

The growing use of artificial intelligence (AI) and machine learning could dramatically reduce the amount of time and resources spent on sanctions checking.

The European Central Bank (ECB) is likely to quickly challenge London’s status as the eurozone’s largest hub for the clearing of euro-denominated trades if the EU referendum goes against UK membership – but the move, which would be seen as highly political, would be beset with legal challenges.

The borrower’s prospects are still failing to improve, despite decent GDP growth, as political and structural concerns preoccupy the risk experts.

Wednesday’s decision by MSCI to delay membership for Chinese A-shares in the MSCI Emerging Markets Index serves a number of purposes.

The rouble has enjoyed a strong start to the year, shrugging off underlying weakness in the Russian economy, leading the CBR to hike rates by 50 basis points on Friday.

Euromoney’s FX Survey uncovered sweeping changes in market structure and client behaviour during the past year.

Brazil might develop a more mutually beneficial equities market, but history suggests it won’t.

The old pan-regional banking model is under threat but that presents opportunities for new champions to emerge.