LATEST ARTICLES
CASH MANAGEMENT, TECHNOLOGY
CBDCs: where do we stand in Europe? CBDCs: where do we stand in Europe?
The European Central Bank (ECB) is moving ahead both with a retail CBDC (the digital euro project) and new ways to settle blockchain-based transactions in central bank money. In a webinar hosted by Deutsche Bank Research, Jürgen Schaaf, Adviser for Market Infrastructure and Payments at the ECB, talks about timelines, goals and the role of banks in the new ecosystem
SECURITIES SERVICES, REGULATION
T-day for the EU? T-day for the EU?
Now that the European Securities and Markets Authorities (ESMA) is recommending 11 October 2027 as an optimal T+1 transition date for shorter settlement cycles, what does this mean for financial market infrastructure participants? flow tracks the consultation journey so far and lessons learned from markets already on T+1
CASH MANAGEMENT
CASH MANAGEMENT, TECHNOLOGY
CBDCs: where do we stand in Europe? CBDCs: where do we stand in Europe?
The European Central Bank (ECB) is moving ahead both with a retail CBDC (the digital euro project) and new ways to settle blockchain-based transactions in central bank money. In a webinar hosted by Deutsche Bank Research, Jürgen Schaaf, Adviser for Market Infrastructure and Payments at the ECB, talks about timelines, goals and the role of banks in the new ecosystem
CASH MANAGEMENT
Sibos 2024: piecing together the payments puzzle Sibos 2024: piecing together the payments puzzle
Sibos descended on Beijing for the first time this year, arriving with some of the biggest payment topics in tow – from the G20 Roadmap and ISO 20022 to AI and digital wallets. flow explores the latest developments shaping the future of payments
CASH MANAGEMENT, TECHNOLOGY, SECURITIES SERVICES
Wholesale CBDC projects to follow Wholesale CBDC projects to follow
The digitisation of money is quickly evolving – with central banks now shifting their focus from retail to wholesale applications, as seen in recent initiatives by the Swiss National Bank, the European Central Bank (ECB), and the Bank of International Settlements (BIS). flow’s Desirée Buchholz summarises findings from Deutsche Bank’s Marion Laboure and Manuel Klein
TRADE FINANCE
MACRO AND MARKETS, TRADE FINANCE
No trade, no gain? No trade, no gain?
flow reflects on the seismic changes in the economic world order over the past 12 months, drawing on insights from the Deutsche Bank Research latest Outlook. The focus around inflation and rate cutting remains, centred on the scale of potential US tariffs following the decisive Republican victory on 5 November
TRADE FINANCE, MACRO AND MARKETS
Trump trade – back to the future? Trump trade – back to the future?
Following the decisive election victory for the Republican party on 6 November, what does the win mean for US trade relations and, more widely, for the future of multilateral trade? Independent trade economist Dr Rebecca Harding finds answers in US import and export data
TRADE FINANCE, MACRO AND MARKETS
Hello Beijing Hello Beijing
China’s continuing ‘opening up’ of its economy to overseas investors and corporates was very much in evidence at Sibos Beijing 2024, where 7000 delegates met up at the mainland capital's China National Convention Centre for the first time. flow’s Clarissa Dann reflects on the main conference programme insights into cross-border trade and its digitalisation journey
DOSSIER SUSTAINABLE FINANCE
Discover the world of finance
COMMUNITY
Discover the world of finance
Since its launch in 2020, the broadcast channel ExpeditionFinance has been exploring the future of the financial industry. Deutsche Bank host Jürgen Schmitt reflects on a journey which has taken him from Australia to Turkey, to Singapore and the US – and one which is far from over
The price of CO₂
SUSTAINABLE FINANCE
The price of CO₂
Carbon pricing is essential to combat climate change as it incentivises companies to reduce greenhouse gas emissions. flow’s Desirée Buchholz looks at how regulatory initiatives in the EU could impact global investment flows – and the role voluntary carbon markets play in reaching net-zero commitments
Biodiversity: funding our future
SUSTAINABLE FINANCE
Biodiversity: funding our future
A different approach to funding is needed to restore biodiversity and keep it intact. Markus Müller, Chief Investment Officer ESG at Deutsche Bank Private Bank, looks at how nature is impacting investor behaviour
FLOW CASE STUDIES
Salzgitter AG: transitioning to green steel
FLOW CASE STUDY, SUSTAINABLE FINANCE
Salzgitter AG: transitioning to green steel
Coal-based blast furnaces have been core units in steel production for more than 100 years. Now, the industry is looking for ways to cut CO₂ emissions to align with net zero targets from regulators and customers. flow’s Desirée Buchholz reports on how German steel- and technology company Salzgitter AG is leading the way towards decarbonising steel manufacturing
Stabilus: Setting up business in India
FLOW CASE STUDY, CASH MANAGEMENT
Stabilus: Setting up business in India
In April 2024, German automotive supplier Stabilus Group acquired US industrial automation specialist DESTACO to expand its industrial business. To close this transformational M&A deal, Stabilus had to set up a legal entity in India that fulfilled all financial requirements within six months, explains CFO Stefan Bauerreis. flow’s Desirée Buchholz reports on how the company achieved this goal
Unlocking FX efficiency at Endesa
FLOW CASE STUDY, CASH MANAGEMENT
Unlocking FX efficiency at Endesa
The US-dollar is the dominant currency in the global energy market – which is why managing FX risks is a key task for utility companies like Spanish Endesa. flow explores how Endesa’s treasury team has managed to link payment flows with FX trades and drive automation
SECURITIES SERVICES
SECURITIES SERVICES, REGULATION
T-day for the EU? T-day for the EU?
Now that the European Securities and Markets Authorities (ESMA) is recommending 11 October 2027 as an optimal T+1 transition date for shorter settlement cycles, what does this mean for financial market infrastructure participants? flow tracks the consultation journey so far and lessons learned from markets already on T+1
SECURITIES SERVICES
China’s capital markets illuminations China’s capital markets illuminations
At Sibos Beijing, securities services discussions addressed China’s capital market reforms, standardisation/interoperability, the role of DLT and tokenisation in improving fund operation efficiencies, changing investor demographics, and market infrastructure resilience. flow’s Clarissa Dann reports
SECURITIES SERVICES
Accessing Asia – how to invest in a dynamic market Accessing Asia – how to invest in a dynamic market
As Asia continues to attract attention for its high growth and promising returns, flow shares key takeaways and reflections from a seminar hosted by The Asset in association with Deutsche Bank on the Asia investment opportunity and the post-trade response
MACRO AND MARKETS
The rise of Global Capability Centres in APAC
MACRO AND MARKETS, CASH MANAGEMENT, CASE STUDY
The rise of Global Capability Centres in APAC
Formerly, it was mainly back-end functions that were outsourced to Asia-Pacific. Today, these hubs drive technological innovation and enhance organisational efficiency on a global scale. What does this mean, both for the treasury function and for corporate banking services?
Monetary policy relaxation?
MACRO AND MARKETS, TRUST AND AGENCY SERVICES
Monetary policy relaxation?
Three months after the European Central Bank, the US Federal Reserve delivered its first interest rate cut since the pandemic – and now China’s own stimulus is taking root. flow reviews Deutsche Bank Research analysis of this latest round of dovishness, and ongoing monitoring of these central banks’ balance of inflation control vs threatened recession and unemployment
View from the top: A different level of athlete
MACRO AND MARKETS, TRADE FINANCE, CASH MANAGEMENT, OPINION
View from the top: A different level of athlete
Deutsche Bank’s David Lynne shares his perspective on how corporates are evolving their businesses and how this is reshaping bank/corporate relationships as they navigate new trade corridors, reroute supply chains and empower direct access consumers
TRUST AND AGENCY SERVICES
TRUST AND AGENCY SERVICES, MACRO AND MARKETS
Private credit – a rising asset class explained Private credit – a rising asset class explained
Following flow coverage of collateralised loan obligations (CLOs) and trade finance assets from an origination and investor perspective, the flow team reviews private credit, an asset class which has grown significantly since the financial crisis. This ‘explainer’ includes an overview of the sector’s asset managers, borrowers, financing structures, geographies, investor capital, and product offerings
TRUST AND AGENCY SERVICES, SUSTAINABLE FINANCE {icon-book}
Greening the night with the SunZia Wind and Transmission projects Greening the night with the SunZia Wind and Transmission projects
US renewable energy company Pattern Energy is transforming the energy supply for three million Americans with its SunZia project. With insights from the company’s Project Finance and Corporate Development Director Carlyne Mickle and Deutsche Bank’s Trust and Agency Services team, flow’s Clarissa Dann tracks progress so far
FLOW CASE STUDY, TRUST AND AGENCY SERVICES {icon-book}
AstraZeneca and tomorrow’s therapeutics AstraZeneca and tomorrow’s therapeutics
Growing shareholder value and delivering medicines where they are needed most is a tightrope that AstraZeneca has walked for a while. flow’s Clarissa Dann catches up with Andy Barnett, the Anglo-Swedish group’s Head of Investor Relations, about what it takes to maintain investor loyalty over the long term
DOSSIER ASEAN
DOSSIER ASEAN, MACRO AND MARKETS {icon-book}
The blossoming of ASEAN The blossoming of ASEAN
The ASEAN countries are a vital part of the global economy. flow takes a closer look at the bloc’s growth, current status, and prospects
DOSSIER ASEAN, MACRO AND MARKETS
Navigating China’s slowdown Navigating China’s slowdown
In the Q3 Asia Corporate Newsletter, Deutsche Bank Research analysts examine the impact of China’s slowing growth and what this means for corporates and their risk management around currency hedging and supply chain diversification
DOSSIER ASEAN, MACRO AND MARKETS
The Philippines: Pliant like the bamboo and poised for growth The Philippines: Pliant like the bamboo and poised for growth
As the Philippines heads towards its national elections in May 2022 and grapples with Covid-19, flow highlights the country’s resilience and potential for those investing in and trading with ASEAN’s second largest market