Dubai
Top 10 operational risk losses of 2019
Fraud, embezzlement, tax evasion, subprime (still) and rogue trading – and Citi crops up twice. Data by ORX News
Asian exchanges jostle to claim LNG derivatives market
SGX and Platts hope to capitalise on physical hedgers, who remain pensive
Offshore distributors voice fears over UAE sales practices
Poor products and lack of adviser education among concerns raised
Structured products benefiting from Dubai's safe-haven status in Middle East
Dubai's reputation as a regional safe haven, together with a relatively relaxed regulatory regime, is helping flows into the UAE
Asia needs bigger voice in international financial rule-making
Regulators from Malaysia, Dubai and Australia call for more countries in the region to take a stronger role in shaping the global agenda
Turning points: DME’s Christopher Fix
Christopher Fix
RBC Investor Services chief sees growth opportunities following acquisition
José Placido, chief executive of the newly renamed RBC Investor Services, reveals his company's growth plans in an interview with Custody Risk
Asian challenge to crude benchmarks
Asian challenge to crude benchmarks
DME chief executive to step down
Thomas Leaver will depart from his role as chief executive officer of the Dubai Mercantile Exchange
The challenge of standardising sharia compliance
Seeking harmony
Risk and compliance hiring in the Middle East is strengthening, say recruiters
Regulatory pressure and recognition of the importance of risk and compliance at firms is driving recruitment of executives from around the world into the Middle East
FX Invest Middle East: Mena region dodges Arab Spring 'curveball'
HSBC's senior economist for the Middle East and North Africa tells delegates at FX Invest conference the region has dealt with two big challenges this year, but it stands in better shape than some developed economies
Uprisings lead to AML improvement in Middle East
Banks in the Middle East have a heightened awareness of AML issues since this year's uprisings, according to industry experts
Middle East deal of the year – Emirate of Dubai
Middle East deal of the year – Emirate of Dubai
UAE firm sues MD over bonuses
Claims director mis-stated profits in order to collect bonus
Vontobel comes back in fashion
The continued success of its luxury goods certificates has inspired Vontobel to come out with version four
£150 million tax scam uncovered in Dubai
Losses & Lawsuits
A narrowing gulf
Many Middle Eastern nations are keen to implement Basel II, and larger banks have been stepping up efforts to develop an op risk framework. But smaller banks are being hindered by a shortage of resources and experienced staff, as Victoria Pennington…
Sharia forex hedges take off
The market for sharia-compliant foreign exchange hedges continues to grow, with Citigroup structuring the first cross-border sharia-compliant cross-currency profit rate swap worth $230 million.