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Directors beware

Directors beware

Investors are looking for scalps and insurers have warned that companies worldwide – not just in the US, where shareholder actions are more common – face potentially ruinous litigation claims for losses caused either as a direct result of their own actions and failure to manage risks effectively, or through their exposure to those companies […]
Frontier shift

Frontier shift

The fact that emerging markets in Asia, Africa and Middle East have managed to stave off the worst effects of the global credit crunch for over a year has impressed investors enough to rethink their fund strategies and shift large amounts of cash to countries which just five years ago they would have been reluctant […]
On the boards

On the boards

This is, by general consensus, about the worst time to be a broker since 1929 – and possibly since 1914 and the start of the First World War. Both retail brokerage and prime brokerage firms have been kicked around by the crisis of the past few months, and both will emerge changed, even ignoring the […]
Defending the indefensible

Defending the indefensible

For a brief moment in October it seemed as if the world’s financial systems were about to implode. What was once unthinkable, and if we are to believe many financial models, unimaginable, was actually happening. Rock solid corporations were crumbling, governments that had long espoused free market capitalism were rushing to bail out banks, in […]
2008 Banking Awards

2008 Banking Awards

Best Investment Services Provider,SwitzerlandBank Sarasin Best Online Investment ProviderEuropeIW Bank SpA Best Brokerage Services Provider,Middle EastUnited Securities LLC Best Trade Finance Bank,TurkeyYapi Kredi Best Corporate Lending Bank,RussiaNOMOS-BANK Best Investment Bank,Middle EastRiyad CapitalBest FX Bank,Islamic FinanceStandard Chartered Saadiq Best Emerging Investment Bank,Kingdom of Saudi ArabiaFALCOM Financial ServicesBest Universal Banking Solutions Provider,Islamic FinanceInternational Turnkey Systems Best Investment […]
Virtual Edition

Virtual Edition

acronyms you really ought to know

acronyms you really ought to know

CRAA credit rating agency of the kind that handed out triple-A ratings like confetti and, as the US Fed and scores of other regulators have belatedly recognised, got us into trouble. EcofinOne of those invisible backroom EU bodies, the Economic and Financial Affairs Council is actually the grand panjandrum of financial affairs that draws up […]
Europe’s financial vulnerability

Europe’s financial vulnerability

The most notable innovations of the past two decades have been financial. Like technological innovation, financial innovation is concerned with the perpetual search for greater efficiency – in this case, reducing the cost of transferring funds from savers to investors. Cost reductions that represent a net benefit to society should be regarded favorably. But as […]
Plugging the leaks

Plugging the leaks

With pain and misgiving, the United States Congress bailed out Wall Street in order to prevent a meltdown of America’s financial system. But the $700 billion to be used may flow into a leaky bucket, and so may the billions provided by governments throughout the world. The US financial institutions that went bankrupt in 2008 […]