HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
Philippines finance minister Cesar V. Purisima and delegates at CT’s recent event in Manila outlined strategies for growth in the country and how companies will benefit.
Vietnam Bank for Agriculture and Rural Development has signed up for Swift’s Know Your Customer (KYC) Registry. Similar initiatives could help treasurers get onboarded with banks faster.
South Korean CFOs and treasurers expressed high levels of dissatisfaction with short-term debt services relative to their regional peers, according to East & Partners research.
The Reserve Bank of India (RBI) has implemented several measures in an attempt to buoy the sinking rupee. CT fills in the news on the latest moves and provides an overview of the past few months.
Global trade flow volumes have declined in 2012, dwindling to $37.7 billion and registering 217 deals in the year. This is down from $40.5 billion and 593 deals recorded in 2011.
Total global syndicated loan volume was down 16% in 2012. Asia-Pacific loans fared comparatively well and fell only 3%, mainly due to a buoyant Japanese market.