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Finance Banking Economy Featured

UAE insurance firm Salama to raise up to $48mln in Mandatory Convertible Sukuk following capital reduction

Shareholders approve capital reduction to offset accumulated losses and cancel treasury shares. The Islamic Arab Insurance Company (Salama), listed on the Dubai Financial Market (DFM), is undergoing a capital restructuring that will see the Takaful provider raise up to 175 million UAE dirhams ($48 million) through a Mandatory Convertible Sukuk issuance following a capital reduction. […]

Finance Banking Featured News World

Chat Bankman-Fried: An experiment on LLM ethics in finance

As large language models gain traction, it is important to ensure that decisions delegated to them comply with ethical and legal principles. This column reports on an experiment in which state-of-the-art large language models were prompted to impersonate the CEO of a fictitious financial firm needing to repay corporate debt urgently with no funds available […]

Banking Featured Finance News World

Recent patterns in global risk behaviour in financial markets

Following the US tariff announcements in early April, the US dollar strongly depreciated while US Treasury yields rose. This column zooms in on the April episode, analysing the co-movement of asset prices with an estimated market ‘safe-haven factor’. It shows that the co-movement of the US dollar with the ‘safe-haven factor’ changed in April, and […]

Finance Economy Featured News World

Europe must not waste its currency moment

Escalating geopolitical tensions, trade wars, and volatile policy shifts are reshaping the rules of global commerce and finance and bringing the dominance of the US dollar into question. This column argues that Europe has a historic opportunity to elevate the euro into a trusted global anchor of stability and thus rebalance a global monetary order […]