The vote on Britain’s exit from the European Union looms, but treasurers shouldn’t worry about the impact of the decision on contracts already in place.
The European Commission has released updated financial regulations that include reforms to derivatives trading. But while the regulations may make the derivatives process more cumbersome for banks, they won’t be able to pass on the costs to customers.
With a referendum being held on June 23, a British exit from the European Union is now a distinct possibility. CT asks what the financial impact could be.
The lifting of Iran’s sanctions presents new opportunities for banks. Some are interested in going in Iran and some are not. CT investigates who is in and out.
RBS executives in Asia plan to encourage non-core transaction banking clients to transition to HSBC as part of its broader exit from the market, CT has learnt.
Chinese telecommunications giant Huawei signed a deal to secure its European smartphone receivables with trade credit insurance through Euler Hermes on June 19.