Lebanese Banks Are Battling It On In A Difficult Environment
By Paul Cochrane in Beirut
Lebanon’s banks are at the frontline, both literally - the country borders war-ravaged Syria north and east - and as they negotiate to preserve or recover correspondent relationships in a de-risking environment.
UK drinks association warns its relationship with EU industry bodies may change post-Brexit
By Andrew Burnyeat Britain’s Wine & Spirit Trade Association (WTSA) has said its formal relationship with pan-European Union (EU) associations could change should the UK government go ahead with its Brexit referendum mandate and quit the EU.
Brexit poses key questions on regulation for all business and professional sectors, in and outside the UK
By Keith Nuthall The UK's vote on June 23 to quit the European Union (EU) creates deep uncertainty over the shape of regulations and legislation in Britain, affecting all economic and professional sectors. As new UK Prime Minister Theresa May takes office, she has the toughest in-tray imaginable – recasting and then renegotiating the UK’s regulatory relationship with the 27 countries remaining in the EU and the EU’s central institutions.
Brexit vote on a knife-edge
By Andrew Burnyeat The Brexit polls predict a knife-edge night of nervous nail-biting for both Remainers and Brexiteers on June 23.
This needs some explanation, given that the vast majority of centre-right, centre and left politicians, together with a huge majority of business leaders and industry associations want the UK to continue its membership of the European Union (EU).
Nuclear deal may have swept away many sanctions, but Iran struggles to mesh with global financial system
By Paul Cochrane, in Beirut Following the international agreement limiting its nuclear power ambitions, Iran is essentially open for business. However, certain US sanctions remain in place, adding to Western banks' caution in dealing with Iran, long a pariah to global investors and bankers. Indeed, the biggest challenge will be reintegrating Iran's financial institutions back into the international system after their years’ long experience of dealing with, and circumventing, sanctions.