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December 2009/January 2010
December 2009/January 2010 / 22 December 2009 / FX-MM
As 2009 draws to a close, a huge degree of uncertainty remains as to the true efficacy of government programs aimed at rescuing the financial system and wider economy. In the hugely costly case of Quantitative Easing, authorities admit they cannot fully measure its effect; instead, they just think – or hope – it works. Whatever the whys and wherefores, we wave good riddance to the year just gone with yet more poor-to-dreadful news percolating out of the various global economies; Dubai, Greece, Portugal, Ireland and the UK… all of whom look in dire need of a virtual miracle to avoid a pretty grim decade yet to come.
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Tagged with: Currencies, Money Markets
December 2009/January 2010 / 22 December 2009 / FX-MM
The foreign exchange market remains the largest financial market in the world, and the most liquid. And while it experienced a substantial decrease in early 2009, with US$2.9 trillion in average daily volume, a report published recently by Celent estimates the FX market should exceed US$4.0 trillion in average daily turnover by 2010.
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Tagged with: Axel Pierron, Barclays, Celent, Currencies, Michael Melvin, Money Markets
December 2009/January 2010 / 22 December 2009 / FX-MM
When it comes to SEPA and the PSD, it really is no exercise in hyperbole to describe Tony Richter as something of a guru. He has been running both projects for HSBC over the past two years, honing the complex system that promises a harmonised European payments arena.
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Tagged with: Cover Interviews, HSBC, Tony Richter
December 2009/January 2010 / 22 December 2009 / FX-MM
2009 is the year that the Direct Debit scheme for the Single Euro Payments Area (SEPA) was partially launched. For 2010, the payments industry is putting its hopes in a mandatory end-date coming from the European Commission. For FX&MM, Frances Maguire reports.
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Tagged with: Cash Management, Single Euro Payments Area (SEPA), Treasury
December 2009/January 2010 / 22 December 2009 / FX-MM
With the eurozone economy officially confirmed as having emerged from recession, FX&MM stops off to visit a reinvigorated and – so it seems – less pessimistic, even bullish France. In doing so, we take a snapshot of the country which suddenly finds itself with a renewed sense of élan, not least because of Michel Barnier – no friend of the free-market – who was recently named as the man designated to take charge of regulatory oversight for financial services across the entire EU. And then, of course, there’s also the stylish French finance minister, Christine Lagarde…
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Tagged with: Christine Lagarde, Regional Focus
December 2009/January 2010 / 22 December 2009 / FX-MM
Paraphrasing Albert Einstein, investing in the “nuts and bolts” means that “everthing is made as simple as possible, but not simpler.” Gerrard Mahony, Business Development Manager, EMEA, riskart SpA, discusses how banks and investment management companies can ensure that the Back Office contributes decisively to the execution of a successful risk management policy.
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Tagged with: Gerrard Mahony, Risk Management, riskart S.p.A
December 2009/January 2010 / 22 December 2009 / FX-MM
On September 25, 2009, Labaton Sucharow LLP hosted a symposium marking the first anniversary of an event that has become a touchstone of last year’s financial crisis: the collapse of venerable investment banking giant Lehman Brothers. The symposium featured an eclectic and distinguished range of speakers who offered insight not only on the causes underlying last year’s crisis, but on what the future may hold for investors in our volatile markets. Thomas Dubbs, Senior Partner at Labaton Sucharow LLP, sets out a summary of their analysis.
Tagged with: Compliance & Regulation, Labaton Sucharow LLP, Thomas Dubbs
December 2009/January 2010 / 22 December 2009 / FX-MM
Away from all the hot air and white heat of the Copenhagen Climate Summit, FX&MM – ever-aware of its carbon footprint – stays at home, preferring instead to raise a finger to the breeze and gauge if the wind of change is blowing in the right direction. In its first progress report issued recently to the UK Parliament by the Committee on Climate Change (CCC), it states that a ‘step change’ would be required in Government action for it to stand any chance of meeting its tough carbon budgets and reduction in greenhouse gas emissions. Furthermore, the CCC concluded that new policy approaches will need to be implemented in order to deliver the Government’s Low Carbon Transition Plan.
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Tagged with: BWEA, Economics, Maria McCaffery, Onshore Wind Power
December 2009/January 2010 / 22 December 2009 / FX-MM
The financial crisis would not have been as severe had there been more women in top City jobs… at least that’s what MPs in the United Kingdom have concluded. Lauren Hillier investigates whether this really is the case, or is the famed glass ceiling as unshatterable as it ever was?
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