It can be red faces all round when it comes to debt financing without a healthy dose of ESG. Even in cost-sensitive emerging markets sustainable finance is going mainstream.
Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
A recent McKinsey report states slowing Chinese growth coupled with digital headwinds could see the bigger fishes eat the smaller fishes across the world of Asian banking.
Southeast Asia is in need of billions of dollars worth of infrastructure to sustain economic growth. China’s One Belt, One Road initiative may yield the finance needed.