BNY Mellon backs London to lead European offshore RMB race

BNY Mellon has predicted that London and Singapore will become the two dominant offshore hubs alongside Hong Kong by 2020. With the impact of the RMB on the global currency landscape expected to soar in the coming years, competition for offshore RMB business is getting fiercer as financial centres seek to capitalise on its growing potential. BNY Mellon believes that both London and Singapore’s market share will surge forward and break away from the pack, joining Hong Kong to make up the top three RMB offshore centres. Following Moorgate’s outreach, the news has been published in a number of target publications, including FX-MM, Banking Technology, gtnews, TXF, FTSE Global Markets, Treasury Today, GTR, EuroTreasurerFX Week and Profit & Loss.

BNY Mellon’s full announcement can be read here

Natixis’ Nordine Naam explores potential impact of referendum on forex and wider markets

Nordine Naam, a strategist at Natixis, considers the effects on various currencies and on business markets, should Scotland vote “Yes” in its Independence Referendum on Thursday – and those that may occur if it votes “No” – in his weekly Foreign Exchange blog for FX-MM.

To read the full article, please click here.

Siemens Financial Services (SFS) Santo Domingo case study is published in Trade & Export Finance (TXF)

TXF features SFS’s case study on the multi-source project financing solution used to fund construction of the Dominican Republic’s Santo Domingo metro system – the first of its kind in the Caribbean islands. The case study examines the key role played by SFS and export credit agencies in securing project finance for Line 2 of this key transport project.

To read the full article, please click here

Falcon Group hires Mark Wyatt and Tim Esden to head up risk management team

Leading alternative financier, Falcon Group, continues to outstrip industry competitors with the development of an internal management function entirely dedicated to risk management. City AM, GTR News, Trade & Export Finance, and GT News detail how Mark Wyatt and Tim Esden have been hired to manage and develop this new function in their respective capacities of Chief Risk Officer, and Portfolio Manager.

To read the full articles, please click here: City AM, GTR News, Trade & Export Finance, GT News

Tim Esden

Tim Esden

Mark Wyatt

Mark Wyatt

Natixis discusses the impact of sanctions on the Russian Oil industry

In an article for Energy Economist, Dr Abhishek Deshpande explains how Russia’s oil industry is entering a period of substantial change. Indeed, as the government adapts its energy taxes and duties to encourage investment in both upstream supply and downstream refinery capacity, broader economic and political risks – particularly the Ukraine crisis – will have a significant impact on Russian crude oil output.

To read the full article, please see pages 12-15 of the magazine here.

Centre of Entrepreneurs launches Local Authority SME procurement index

The Centre of Entrepreneurs launched its Spend Small initiative last week, which includes its Local Authority Index (compiled with the Spend Network). The Index tracks UK local authority procurement with smaller companies, a declared government aim (though one not always matching the facts on the ground). Monmouthshire County Council topped the index with a 25.06% spend with SMEs. Last (of 150 measured) was Barnsley Borough Council with just 4.17%. The launch was featured in The Times, The Telegraph and many local papers.

Spend Small centre for Entrepeneurs

Falcon posts record turnover of US$2.3 billion

Surpassing its US$2 billion target turnover, leading alternative financier Falcon Group has announced a turnover of US$2.3 billion. Profits have also increased to US$52 million, up from US$44 million the previous financial year. Trade Arabia reports.

To read the full article online, please click here.


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