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Foreign Exchange

Falling US real rates complicate Fed-ECB divergence story

While the ECB is preparing the market for softer monetary conditions, the Federal Reserve is gradually tapering its quantitative-easing programme and the market expects rate hikes to commence from Q3 2015. However, falling US real rates will complicate Draghi’s bid to weaken the euro.

Solomon Teague, August 18, 2014

Euromoney Country Risk

Portugal rates investment grade in spite of its bank troubles

Investors might be worried by the tail-risk implications of the failed Portuguese lender BES but the sovereign is in a much improved state since completing its three-year bailout programme.

Jeremy Weltman, August 15, 2014

Treasury

Corporate treasurers find opportunity amid regulation

Corporate treasurers are looking for the simple life, and having more efficient systems in place can bring its own financial rewards – but despite some advances, there is still a long way to go.

Kimberley Long, August 14, 2014

Foreign Exchange

Emerging market FX moves to G10 beat

Emerging market (EM) currencies are behaving more like G10 currencies, at least in terms of the way they respond to changes in US rates, according to research by Nomura.

Solomon Teague, August 13, 2014

Foreign Exchange

SuperDerivatives goes live with exotic options trading venue

SuperDerivatives has gone live with a new trading platform to trade exotic foreign-exchange options electronically, and plans to expand the number of tradable asset classes from metals and FX to include oil, equity derivatives, credit and interest rates.

Farah Khalique, August 13, 2014

BANKING

Safaricom and Airtel plan yuMobile acquisition

Kenya’s largest mobile phone carriers will push ahead with the acquisition of yuMobile after Kenyan authorities removed a number of restrictive conditions on the deal.

Kanika Saigal, August 12, 2014

BANKING

Asian private banking and lending eye Russia business

The escalating conflict in Ukraine and sanctions placed on Russia by the EU and the US are pushing private Russian money into Asian wealth centres and encouraging the country’s corporates to seek new sources of funding in the region.

Rob Hartley, August 12, 2014

CAPITAL MARKETS

Interview with CFTC commissioner Scott O’Malia

When Scott O’Malia approved the final swap execution facility (SEF) rules in August 2013, he did so “reluctantly”. His fears were realized when the regime quickly wrought international havoc. In one of his last interviews before leaving the US Commodity Futures Trading Commission (CFTC), he relives the ordeal of bringing these rules to market and highlights many of the challenges still to come.

Catherine Snowdon, August 08, 2014

Euromoney Country Risk

Europe’s bank risks back under the spotlight

The failure of Portuguese lender Banco Espírito Santo (BES) points to lingering fault lines in the financial regulatory framework and knock-on effects for banks outside the EU.

Jeremy Weltman, August 08, 2014

Treasury

BAML's GTS head moves into equities in senior reshuffle

The head of global transaction services at Bank of America Merrill Lynch is to take on a senior global equities role for the firm in a rare example of a transaction banker breaking into the senior ranks of an investment banks' markets business.

Duncan Kerr, August 07, 2014

BANKING

Russian and foreign corporates step up efforts to safeguard cash holdings from sanctions

Russian and foreign companies with substantial exposure to Russia are intensifying their efforts to move their money out of the country amid growing fears there could be a liquidity squeeze, as the European Union and US escalate sanctions.

Kimberley Long, August 07, 2014

BANKING

Ecobank’s investment banking business expands into Kenya

Nairobi is to become the location for Ecobank’s first investment banking business in east Africa and will provide a platform to access the developing capital markets in the region.

Kanika Saigal, August 07, 2014

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