In my last blog I observed that the systems that banks use to find the funds of the terrorist groups are largely pointless, on the grounds first that terrorist funding takes place in the cash economy, second, that the funds needed for each outrage are small. But this doesn’t mean …
This is the first Blog of Nick Kochan. It comes on a day when some Islamic terrorists have driven a van into numerous people in Barcelona. Terrorist financing will be a recurrent theme of this Blog. But the limitation of this form of scrutiny must be understood. The financing of …
Jul 18 2017 Nick Kochan, published in ThomsonReuters Compliance Complete Companies seeking out-of-court settlements in Belgium will face demands for greater transparency following the publication, expected towards the end of the year, of a report drawn up by a committee of 18 parliamentary representatives. One key finding will be the …
HSBC’s decision to walk away from its proposed $8 billion acquisition of a controlling stake in Nedbank is little short of dramatic. It poses a plethora of questions: why did HSBC do it; what happens to Nedbank; what does it say about the attractiveness of South African banks to global …
When Nigeria comes to the market this month with a £500m sovereign bond, investors will scrabble to get a piece of it. The $500 million ten year bond will be heavily oversubscribed as African credit moves away from the fringe of the emerging market universe to dead centre. Africa is …
Bankers may not have gone to jail as a result of their failure to manage the financial turbulence of the last few years, but politicians are determined that there should be no repeat of the mismanagement and greed that caused it. The issue is not just one of punishing bankers …
