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Anti-money laundering rules present a considerable challenge to organizations wishing to do business. While certain processes need to be observed, large corporations and banks face the added cost – and frustration – of replicating those efforts for every relationship they have.

Electronic trading is set to account for an increasing share of the volume on the world’s $5.3 trillion-a-day FX market, but that does not mean the death of voice brokers.

With extended opportunities for UK investors in China through programmes such as the RQFII scheme, China Construction Bank opened its doors this week to London-based investors, signalling the strength of the Sino-UK relationship.

Corporate treasurers are diversifying away from using money-market funds (MMFs) to manage short-term liquidity in response to low rates and proposed regulatory changes that are threatening to impair the MMF industry.

The renminbi has overtaken the euro to become the second most-used currency in trade finance, according to Swift, the financial messaging service.

Everything you thought you knew about the ECB’s comprehensive assessment was wrong – it won’t reveal large holes in banks’ balance sheets.

The structural development of Asia’s capital markets is failing to keep pace with economic growth. Until that gap closes, it is unlikely the region’s markets or its financial institutions will fully realise their potential to compete more effectively with the west.

The debt crisis is not over. A renewed bout will spring from banks in the EU periphery.

In our November cover story, Euromoney reported extensively on the record-breaking $49 billion Verizon bond deal. We acknowledged the scale of the achievement in selling the bonds, but questioned whether they were sold at a give-away price. The sharp spike in the price of the bonds since launch suggests this was the case. Fast forward to dinner with a leading fixed income fund in November. They were one of the cornerstone investors in the Verizon deal. They had just received a Christmas card from the telco’s senior management, thanking them for investing in the deal.

The final version of the Volcker rule is unlikely to give posterity phrases that echo through the ages in the style of the King James Bible, but the details of its wording are important to financial market participants, which helps to explain the extended bickering.

“The deal has held up very well; it is trading at 17, 18, OK let’s call it 20”

China’s once-in-a-generation economic reforms have largely pleased some notable bears, as new policies reflect Beijing’s recognition that a growth-at-all-costs investment-led model is bust, while capital-account opening could help navigate short-term credit challenges.