Finance

‘When banks don’t do the right thing : Employee options,’ by Adam Augustine Carter, Esq., and R. Scott Oswald, Esq.

 

 

For a one-minute audio intro to the commentary, click here.

WestlawNext users: Click here to read the full article on WestlawNext.

Adam Augustine Carter

Adam Augustine Carter

R. Scott Oswald

R. Scott Oswald

Reuters Newsmaker: Capital markets union

European Commissioner for Financial Services, Jonathan Hill, speaks during a Thomson Reuters Newsmaker event

Breaking down barriers to completing the single market in Europe

A Reuters Newsmaker with Lord Jonathan Hill, European Commissioner for Financial Stability, Financial Services, and Capital Markets Union (CMU) indicated that a wave of regulation from Brussels since the financial crisis may ease on his watch but there would be no repeals of legislation.

The event on Friday (April 17), hosted by Reuters Editor at Large Axel Threlfall and introduced by President of Financial & Risk David Craig, was Lord Hill’s first speech to London’s financial community since his appointment to the European Commission last November.

David Craig said: “We are now a quarter-century on from the historic Maastricht Treaty, which promised free movement of capital within the EU. Perhaps Lord Hill is the man who can finally deliver.”

The aim of CMU reforms, and some $338 (Euro 315) billion in investment, is to kick start growth in Europe. Lord Hill described a lack of jobs and growth as the biggest threat to financial stability in the region. (more…)

Interview with Yang Du, Head of China Business Desk

As the discussion of the globalization of the Chinese economy and the rise of the Renminbi (RMB) continues to heat up, Yang shares his views on how other major currencies are likely to react in the near future.

Read more on our coverage of China.

Weekly Investment Banking Scorecard

Investment Banking Scorecard

Fast facts:

  • France M&A activity totals $37.7 billion, down 55% compared to YTD 2014
  • US DCM activity totals $642.6 billion, a 7% increase compared to year ago levels
  • Europe ECM hits $79.2 billion so far in 2015, down 2% compared to last year
  • Financials M&A hits $99.0 billion this year, down 20% from 2014 levels
  • Consumer Products DCM underwriting totals $22.4 billion for YTD 2015, down 17%
  • Technology ECM decreases 42% over 2014 with $19.4 billion raised

For more info, download the full Investment Banking Scorecard.

Follow @dealintel on Twitter and register here.

Thomson Reuters Deals Intelligence delivers IB content including quarterly reviews showing trends in M&A and Capital Markets.

Tracking the latest news on the Africa landscape

Sneha Shah, managing director of Thomson Reuters Africa joins CNBC Africa to discuss some of the latest news impacting the African continent. (more…)

The mobile revolution set to hit financial services

Salesman poses with two Apple Watch look-alike devices at a mall selling electronic products in China's southern city of Shenzhen

By John Manwaring, Head of Mobile and Search, Financial & Risk, Thomson Reuters

2015 is looking set to be the year when wearables will start a revolution in how we use technology in our daily lives. Last year saw a number of developments in the sector, most notably the launch of Google’s Android Wear and Samsung’s Gear S. Now, with the launch of the Apple Watch imminent, it’s not too fanciful to say that wearable devices have already begun to change the way we interact with the world around us, and reshape our expectation of what technology can – and should – be doing for us.

While devices like smartwatches are generally thought of as recreational, as consumers come to adopt them in their daily lives they will inevitably start to impact the way we work too. From tablets to smartphones, mobile technology has already become so ingrained in our daily lives that we are coming to expect there to be a seamless link between how we use technology at home and in the office, and in particular how we receive information through the working day.

At the same time, our working lives themselves are changing. The days of nine to five, of clocking in and out of the office every day, are fast disappearing as we expect more flexibility and autonomy. The financial services industry is no exception to this, and the technology used by financial markets practitioners should change to match. Technology is increasingly being relied upon to deliver information intelligently, where and when it matters most. (more…)

Know what: Opening opportunity’s gates

2014 Annual Report

2014 was a year in which knowing more — who, what, why and how — was critical to informed decision making and successful outcomes. Explore our 2014 Annual Report.

As deal activity resurged around the world in 2014, global investment banking fees across mergers and acquisitions and capital markets activity saw a nearly seven percent increase over last year and their strongest annual period since 2007. China’s 37.4 percent increase over the previous year was just one measure of the enormous changes afoot.

In 2014, China became the world’s largest economy and the renminbi (yuan) became the second-most-used currency in the world for trade finance. The launch of Shanghai-Hong Kong Stock Connect, a major step forward for China cross-border investment, is part of significant financial reform that seeks to bring globally accepted governance standards to the country’s capital markets and financial institutions. And Alibaba’s US$25 billion IPO on the New York Stock Exchange was the largest in history, joining four other China-based companies among the world’s largest IPOs. (more…)

Into the shadows – Graphic of the day

A new Reuters Investigates special report covers how intense lobbying of regulators, many of them veterans of the industry themselves, helped ensure that practices the Dodd-Frank law was meant to stop would remain in place. Today’s graphic from the report shows how securitizations are increasingly going into opaque and lightly regulated private markets.

Into the shadows

Read more about how Wall Street captured Washington’s effort to rein in banks.

Financial crime in MENA

financial crime survey

Regulatory compliance has become an incredibly complex and challenging issue for many companies and will remain a challenge for senior executives for some time to come. With that in mind, we recently released the findings of a financial crime report covering the Middle East and North Africa region in 2014. The report, conducted in collaboration with Deloitte, is the first of its kind in MENA.

According to the survey, around 85% of respondents have seen anti-crime and compliance activities increase in the last two years, whilst less than 6% of respondents believe that their compliance policy will stay the same over the short term. More than 75% of participants surveyed expect that compliance related costs will continue to increase in the short term with technology (26%) and process improvement (22%) standing out as key tools organizations are investing in to manage compliance risks. Almost half of those surveyed highlighted a lack of confidence in the effectiveness of their existing financial crime programs when compared with both domestic and international regulatory requirements. Similarly, 57% of respondents questioned the ability of their compliance policy to prevent illicit activity.

After analyzing the results, we noted a number of themes had emerged: (more…)

Global M&A Financial Advisory Review – Graphic of the day

 Global M&A Financial Advisory Review

We’re pleased to present our Global M&A Financial Advisory Review for the first quarter of 2015. Check out the highlights below and make sure to join our webcast on April 14th, presented by Matthew Toole, Head of Deals Intelligence along with agenda-setting financial insight from Jeff Goldfarb, US Editor, Breakingviews.

Highlights:

(more…)