LONDON, June 30, 2011 /PRNewswire/ --
The financial world never stops moving and there have been enough events in the past two months alone to keep most analysts busy for the year.
At the forefront has been the eurozone crisis, as members continue to debate the future shape of the currency based on requirement for bailout. The ramifications of the decisions made are huge, set not only to impact on the nations requiring assistance - namely Greece, Portugal and Ireland - but on the banks and institutions that have investment tied up in the country. Painful conclusions lie ahead and all concerned will need to be fully prepared when they eventually manifest.
The financial markets have also shown changing fortunes. Commodities, the investment hit of the year up until recently, has seen a notable cooling off based on concerns that speculator bubbles were arising. Goldman Sachs was one of the main banks to notably pull back from this market causing enough of a ripple in doing so to raise concern from the rest of the industry. As such vigilance in the sector has remained high.
From these examples, it's clear that to stay ahead during turbulent times requires enormous skill and professionalism. Balancing shareholder profits, client satisfaction and more and more regulatory pressures requires institutions and their management teams to be on top form. The World Finance Banking Awards 2011 celebrates those institutions who have dealt with all these demands while also setting an example in their field.
Read the second instalment of the Banking Awards in the July-August edition of World Finance. Alternatively, view the winners online at: http://www.worldfinance.com/winners_articles.php?article_id=2029
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SOURCE World Finance