The Chinese bond market must achieve greater diversity – of issuers and investors – if it is to facilitate the successful internationalisation of the renminbi, which requires the government to relax its rules on foreign participants, something it is already starting to do.
As Dubai has grown, so has its role in the global transaction services industry, with the emirate now serving as the nerve centre of all trade taking place across the Middle East and north Africa. And as Dubai sets out its stall to become the next renminbi hub, this role only looks set to grow.
A single platform for securities settlement in Europe and the continued growth of e-commerce will soon out-date the market infrastructures as they exist. Frances Faulds looks at how market infrastructures are reinventing themselves and redesigning their services to remain relevant.
The annual Sibos conference provides an ideal opportunity for transaction banking leaders to take stock of an industry that has over the past year seen notable geographic shifts, a greater focus on the client, and a reinvention of market infrastructures.
In the past three years, international equity issuance from African companies has outpaced listings on the continent. This trend looks set to continue for the time being, thanks to the small size of most African exchanges and global investors’ increasing appetite for exposure to the continent.
Intraday liquidity risk management is set to become an increasingly high-profile component of banks’ overall liquidity risk mitigation strategies. Deutsche Bank’s Christian Goerlach, director, cash management FI product, looks at the impact this will have on banks, and the industry at large.
The impact of low interest rates, new EU regulations and the predicted lessening of quantitative easing in Europe and the US mean structured product providers are being called upon to provide innovative solutions to reduce risk in both retail and private banking.
Across all asset classes and from retail to sophisticated clients, new regulations agreed at the international, regional and national level are occupying an increasing share of business managers’ time. The Banker crystallises the latest thinking on the acronyms that are keeping financial market participants awake at night.
With markets lacking a clear directional trend, uncertainty over the scale of global central bank interventions and an ongoing wave of regulatory initiatives, asset allocation must remain highly adaptable. Five European portfolio managers explain their responses to the changeable conditions.
Africa’s agricultural sector may still be underdeveloped, but it is growing as investors increasingly seek to exploit local and regional sources of demand and develop the continent’s processing capacity. A greater provision of banking services is also helping.