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The $5.6 billion of fines handed out to six leading foreign exchange banks will not be the end of the crisis afflicting FX, but it might be the beginning of the end. The people at the top of the industry are starting to think more deeply about what will drive success in the FX markets of the future. How can foreign exchange rebuild its zest, and its reputation?

Citi retains top spot in Global FX as clients execute more than half electronically for the first time

Overall market share

Bill Winters has some big decisions to mull while he prepares to start his new job as Standard Chartered chief executive.

Soon after Bill Winters was appointed CEO of Standard Chartered, his highest-profile protégé from their shared days at JPMorgan also announced a new job.

Standard Chartered’s PR machine does not seem to be helping turn the bank’s story around at a critical time for CEO Peter Sands.

New York’s highest court has delivered a boost for the global banking model but the international legal architecture remains a minefield.

A shake-up in Standard Chartered's Asean capital markets team prepares the ground for a 2015 growth push.

Standard Chartered has shown steady improvement in the survey over the past three years. Its market share has risen 0.31 percentage points, and its volumes by 64%, propelling the bank to 14th place overall in the global rankings.

Nationality: South African

Best international Islamic bank

First global bank with onshore presence; Follows new oil payments legislation

Competition and low rates eroding margins; Business key to broaden banking relationships

The third quarter performance of Deutsche Bank and Standard Chartered’s transaction banking divisions shows how stable revenues and profits can be from the business, but this resilience is being tested by pressure points, not least competition.

Emerging market lender's regional CEO targets Nigeria, Angola; Sets hopes on electronic channels

Bank grows trade finance volumes; Expansion continues in emerging markets

The agreement between Standard Chartered and Lloyds Bank to allow the latter to directly issue letters of credit locally in some 20 Asian markets and benefit from local currency settlement – using the emerging-market-focused bank’s infrastructure – has been touted as a win-win arrangement for both lenders. But the deal is not without its downsides.

The famed hedge fund short-seller Carson Block's bet against Standard Chartered - citing deteriorating loan quality evidenced by a $1 billion loan to the chairman of Bumi - significantly overstates the risks on the emerging market-focused bank’s balance sheet.

Best international Islamic bank

Standard Chartered has launched a renminbi globalization index (RGI) that will track the evolution of China’s currency as it moves inexorably toward becoming a new reserve currency, acting as a useful reference tool for clients as they integrate the currency into their hedging policies.

SE Banken, Standard Chartered and State Street Global Markets will become liquidity providers to TraFXpure, the FX trading platform launched by interdealer broker Tradition in May.

Bank enjoys structural bull run; Temasek sale easier said than done

Singapore's investment fund Temasek is reportedly mulling a sale of its stake in Standard Chartered. However, there are no obvious financial investors on the horizon, either in developed markets or in Asia.

Standard Chartered’s swift settlement with the New York regulator over allegedly breaking US anti-money laundering sanctions with Iran to the tune of “at least $250 billion” may be a first and important step in rebuilding its once hallowed reputation, but the agreement does raise some important questions.

Standard Chartered does not look like a bank in "crisis mode" and its shareholders should take comfort from the performance of chief executive Peter Sands in publicly defending it against the Iranian money laundering allegations, according to Investec.

Standard Chartered’s reputation has taken a knock from the explosive allegations that it illegally shifted $250 billion around for Iranian clients, but the bank stands defiant and looks set to fight the New York regulator’s charges tooth and nail.

Peter Sands, group chief executive of Standard Chartered, which today reported strong first half earnings, has said he is confident in the bank’s business model and presence in emerging markets despite growth in China and India, among other high-growth economies, slowing to the lowest levels in years.

Standard Chartered’s senior bankers admit there is something old fashioned about the way the bank does business. Even its CEO, Peter Sands, is a throwback – a banker mostly lauded rather than criticized for his performance. StanChart has consistently delivered a level of income and profit growth most of its peers can only dream of. Is its traditional approach a model for modern banking?