Home | Euromoney

Time 2020-07-05 09:04:49

Web Name: Home | Euromoney

WebSite: http://www.euromoney.com

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We use Cookies. If you're happy with cookies, continue browsing. Just like the global financial crisis, Australia is emerging from Covid-19 more strongly than the rest of the developed world. Capital markets volumes show how well the industry has adapted since the coronavirus crisis began, but as economies emerge from lockdown, bankers and their clients need to look much further ahead. Central bank intervention has delayed the deluge of insolvency that Covid-19 lockdowns will cause, but it can only plug the dike for so long. Companies never want to sell equity at rock bottom prices, but bank lenders will often only relax covenants and hold off seizing assets if new capital comes in below them. Banks have to prepare for crises; if investors won’t make companies do the same, should someone else? Capital markets bankers and their clients are finding that a lot can be done from home; as lockdowns ease, travel will matter more than offices. Amid the wild price swings and surging volumes in bond and equity markets that characterized the first phase of the pandemic, traders just about coped while working from home. A complex investment in Wirecard by Deutsche Bank veterans now working at SoftBank has effectively compounded the eventual embarrassment for Germany Inc from the failure of the online payments firm. Goldman takes on transaction banking Goldman Sachs has launched its transaction services business in the US, trusting that its superior tech will be enough to beat the incumbents. Capital markets: Is Hong Kong’s future really so bleak? It has become almost fashionable to write off the city. There are important reasons to believe it will endure. Gulf assets: De-globalization spells change for Dubai The Covid-19 crisis will accelerate monetization in the Gulf and see Abu Dhabi companies take equity stakes in the emirate. Wirecard shows risks of fashionable fintech Nationalist desperation to get ahead in fintech surely explains some of the spectacular regulatory failure in the Wirecard accounting scandal. UPDATED June 4: Euromoney is making changes to this year s Awards for Excellence programme to reflect the impact of Covid-19; see new guidelines, dates and categories here. FX Survey 2020: Results Index Euromoney magazine has released the results of its 42nd annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available on the FX markets. Turkey’s vulnerability is not a shock to risk experts The country has been falling consistently in Euromoney’s risk survey – and further downgrading is expected. Over $30 trillion has been invested in environmental social and governance (ESG) themed assets. Across the globe, cities are growing at an unprecedented rate and are now home to the majority of the world’s population. The US investment bank is finally enjoying the fruits of a decade of investment in Asia. Asia s NDB: The forgotten multilateral shows its face The New Development Bank, born in Shanghai 2015 to help the five ‘Brics countries, has had a good pandemic, disbursing $4 billion in emergency funding and printing a maiden US dollar bond. Nubank growth hits another level as pandemic drives digital in Brazil Social distancing and government payments are turbo-charging digital bank’s growth.

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