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  • Offshore renminbi has passed another milestone, becoming the first non-CLS settled currency to be tradeable on ParFX – but China’s regime of exchange-rate controls still casts a long shadow over the market’s infrastructure.
  • Mis-selling of derivatives is fast becoming a hot topic in foreign exchange, as industry players come under pressure from businesses, regulators and the press to be transparent on price and product. Concerned market participants are urging the City watchdog to investigate forex mis-selling and, in the meantime, are educating businesses on how to avoid sales sharks and dodgy derivatives.
  • Euromoney Country Risk
    Reforms are expected to gather pace in 2016, boosting the country’s investment prospects.
  • “In the US, there are still way too many banks and consolidation must happen. If you believe that, you should be a leader, not a follower”
  • “Let’s be frank: some of our political leaders get a little too excited”
  • August’s stock market gyrations caused particular alarm for Ray Soifer, a consultant based in Green Valley, Arizona, perhaps best known for his Harvard MBA index.
  • Officials from the UK’s financial conduct authority (FCA) visited Barclays’ offices 186 times during 2014, according to a freedom of information request submitted by the UK’s Guardian newspaper. They visited HSBC 85 times, RBS 65 times and Lloyds 58 times.
  • Euromoney staff may have committed some humiliating faux pas around the world over the years, but we like to think we broke new ground by accidentally climbing out a window in the middle of a business lunch in Iran.
  • Since taking over the reins at Standard Chartered, Bill Winters has wasted little time in ripping up the old playbook of his predecessor, Peter Sands.
  • The recent equity placement is not a cure-all for the highly-geared mining and commodity trading company, rather a reminder of its executives’ failure to deliver.
  • The range and diversity of African markets means that investors must tailor their expectations on FX services to the local realities. Good advice is the key.
  • Despite some successes with regional monetary unions, the prospect of a pan-African currency remains as distant as ever, with the euro offering a cautionary tale.