Low-level bankers who can only say no will make way in age of automation, panel hears – leaving talented seniors to make decisions for key customers such as corporations.
The bank signs a memorandum of understanding with General Electric and the Trade Bank of Iraq, a sign counterparties are ready to help companies finance Iraqi projects.
Commodities are unlikely to enter a full-on bull market phase in 2017, but are still expected to present buying opportunities for investors and treasurers.
*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update
India’s central bank introduces a new scheme to deal with non-performing assets, allowing lenders to divide borrowers’ debt into sustainable debt and equity instruments.
Since the central bank dramatically changed the way it values the dong, treasurers have been warned to become proactive about monitoring and managing new risks associated with it.