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.
The Tier 1 capital of the 25 largest central and eastern European banks climbed by 30% in this year's ranking, led by Russia's largest bank Sberbank. Meanwhile, consumer banking operations across the region are prominent among the most profitable and the fastest growing banks in the region.