News, Treasury news / 7 March 2013 /
The Forum of Private Business has said data released in today’s BDRC Finance Monitor for SME lending highlights ongoing problems with business banking in the UK. (more…)
Banking news, News / 26 February 2013 /
Bankers agree: Corporate lending has become so fiercely competitive that banks can no longer easily differentiate themselves on price. Instead, banks are looking to win new business and retain existing small business and middle market banking customers by wowing them with top-quality service. (more…)
December 2011 / January 2012 / 5 January 2012 / Steve Shaw, Editor, FX-MM
With a population of 78 million, a diverse industrial and agricultural base, a vibrant tourism sector and a well-educated, skilled labour force Turkey is today the world’s 16th largest economy. While many of Turkey’s neighbours in the Middle East and Europe are struggling with political turmoil or economic stagnation, or both, Turkey’s economy is powering ahead. According to the OECD, Turkey will be the fastest-growing OECD economy between 2011 and 2017, with an average annual growth rate of 6.7 percent. Steve Shaw takes a look at what is driving this growth.
With its fast-growing economy, military strength and location at the crossroads of Europe and Asia, Turkey is a major regional power and is a country of considerable strategic importance. While its location and military might have long meant that Turkey has been a key regional power it hasn’t, until recently, been a country known for its industrial power. Over the last 20 years the country has had something of a roller-coaster ride economically. The 1990s were a tough decade for Turkey, characterised by high inflation, large public debt and structural problems in many sectors of the economy. In 1994, and again in 2000-2001, the country endured periods of severe economic crisis, so bad that they had to call in the IMF. Having been the recipient of IMF aid to the tune of $20.4 billion between 1999 and 2003, the Turkish government came under considerable pressure to implement structural reforms to the economy. (more…)
November 2011 / 9 November 2011 / Saxo Bank
Saxo Bank introduce the key features of their platforms and tell us about some of the enhancements which will be coming in 2012.
Saxo Bank was one of the first financial institutions to develop an internet-based trading platform and bring professional online trading to the private space. Having started with this approach in 2001, Saxo Bank today is as committed and as focused as ever on technology development and understanding the needs of traders. Currently over 40% of Saxo Bank’s staff are dedicated to the maintenance and development of the technology that supports the platform.
Saxo Bank is constantly developing its offering in the online space and is investing heavily in the expansion of the product across the multitude of new mobile devices that are coming to market. Another area with significant investment is the charting capabilities. Technical analysis is one of the largest trade idea generators in the forex retail market and Saxo Bank is working on extending its capabilities in this area to the benefit of its clients. (more…)
November 2011 / 9 November 2011 / Francis Maguire, Columnist, FX-MM
Despite the economic downturn, transaction banking volumes are still growing, but with a new focus on cost, risk and liquidity, how will payments evolve in this new regulatory regime, and what will be the winning technologies used? Frances Maguire asks Peter Jameson (Bank of America Merrill Lynch), Michael Burkie (BNY Mellon) and George Ravich (Fundtech) for their views.
Transaction banking is in a state of flux. While the three main components to the transaction banking industry – trade finance, cash management and asset servicing – continue to thrive through flow business, the twin pressures of risk and regulation are among the factors driving transaction banks to look for economies of scale, through outsourcing and collaboration, and make investments in more innovative IT solutions to drive business. (more…)
June/July 2011 / 24 June 2011 / Eleanor Hill, FX-MM
It’s all well and good reading about the short-term impact of the financial crisis on banking and businesses, but there’s a bigger worry out there. Namely: how the financial crisis has affected the long-term outlook for the global banking industry and how today’s financial leaders can take advantage of the changing landscape. Eleanor Hill, Editor, FX-MM, reports.
We’ve reached a point today where not every article in the press, or every business meeting, begins with a reference – however fleeting – to the global financial crisis (GFC). Whether this phenomenon suggests recovery from, normalisation to or complacency about the crisis, however, is an argument for another day. Interestingly, the theme that has largely replaced talk about the GFC (even in the back of London taxis) is the shift in global economic power from West to East. (more…)
Featured content, March 2011 / 15 March 2011 / FX-MM
From Basel III to SEPA, credit availability, counterparty concerns and regional versus global capabilities – transaction banking has never been of so much interest to so many. Industry leaders discuss trends, challenges and opportunities for the transaction banks and their clients in 2011. (more…)
March 2011 / 15 March 2011 /
Home to the European Central Bank and a thriving financial centre, Germany is not only Europe’s largest economy but also a keystone of the global market. Having recorded impressive growth in 2010 while its European peers struggle to regain their feet, the German economy is expected to continue its upward trend into 2011. But how will Germany overcome the challenges facing the single currency area to make the Eurozone more competitive?
As the most populous and industrialised nation in Europe, Germany is recognised as the region’s key exporter and is famed for the high-quality goods that it produces. It is precisely this export strength that helped the country to rebound from the defeats it suffered in World War I and II, as well as the legacy of the Cold War that divided the nation until reunification began in the late 1980s. (more…)
March 2011 / 15 March 2011 /
As one of the few global banks to have its main trading floor in Frankfurt, Commerzbank Corporates & Markets boasts extensive knowledge of the local German market, whilst providing 24 hour global coverage through additional trading desks in London, New York and Singapore. Eleanor Hill, Editor, FX-MM, talks to Christian Drueke, Head of Spot FX, Commerzbank, about Germany’s role as a trading centre as well as the key trends and innovations that Commerzbank is seeing in today’s FX market. (more…)
February 2011 / 4 February 2011 / Eleanor Hill, Editor, FX-MM
While the benefits of electronic bank account management (eBAM) are clear-cut and numerous, there are still only a handful of people in the industry who are really making a noise about it. So where does eBAM need to step up the game? How can adoption be increased and is replacing paper with electronic messages really the answer to improved account opening, closing and maintenance?
With corporates largely following the trend towards a centralised treasury department, managing bank accounts has become an extremely complicated and time consuming process. As such, treasury personnel – who are spread thin at the best of times – are often responsible for hundreds, if not thousands, of bank accounts in numerous countries across the globe. This can lead to unnecessarily high processing costs and significant inefficiencies for all parties involved. (more…)
December 2010 / January 2011 / 5 January 2011 / Dominic Broom, Managing Director, Market Development, EMEA, BNY Mellon Treasury Services
With the rise of the profit-centre corporate treasury model, access to global-standard transaction banking solutions that provide international reach, enhanced transparency and processing efficiency has become a prerequisite of the post-crisis era. The challenge though, explains Dominic Broom, Managing Director, Market Development, EMEA, BNY Mellon Treasury Services, is for small and mid-tier banks operating on a regional basis to be able to provide these services in a cost-effective, competitive and compliant manner. As Eleanor Hill, FX-MM Editor discovers, this calls for a dynamic approach to global and local bank partnerships: the collaborative ecosystem. (more…)
December 2010 / January 2011 / 5 January 2011 / FX-MM
Situated at the crossroads between Asia and Europe, the Republic of Turkey is an ancient trade hub that holds both cultural and financial appeal. With a mix of industry-led commerce and traditional agriculture, Turkey’s economy is diverse and dynamic, attracting increased foreign direct investment in recent years. Boasting a skilled labour force and a competitive marketplace, Turkey is the world’s 17th largest economy (by nominal GDP) and has been the subject of much financial media attention in 2010, as FX-MM discovers. (more…)
November 2010 / 10 November 2010 / FX-MM
BNP Paribas entered the growing FX prime brokerage market in June 2009 with the acquisition of the prime brokerage platform and team from AIG. Now fully integrated within the BNP Paribas infrastructure, the FX prime brokerage offering has been live since January 2010. Although it is a new product for BNP Paribas, the bank has an extremely skilled prime brokerage team supporting its offering, with more than 10 years’ experience working together.
November 2010 / 10 November 2010 / FX-MM
FX prime brokerage is an intriguing product; essentially simple at its core but nevertheless frequently misunderstood. Alongside e-commerce, it has been at the forefront of FX market evolution with year-on-year growth with a significant amount of client trades being cleared though a prime broker. Analysing the most recent Basel FX figures, it is evident that most of the growth, in spot in particular, came from client types using FX prime brokers.
June/July 2010 / 14 July 2010 / FX-MM
Companies now have a viable solution to the problems presented by the internationalisation of their businesses and the resultant multiple bank connectivity requirements, that gives them a genuine opportunity to leverage the same solution that banks have been using for years and realise comparable benefits across their multiple banking relationships.
Swift has been in the corporate space for some years, initially with TRCO (Treasury Counterparty), followed by the MACUG, closed user group model, and then in 2007, Swift introduced the SCORE model – Standard Corporate Environment.
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