Although sections of the market seek an extension to the date for phasing out Libor, treasury officials, bankers and lawyers say they are working under the assumption there won’t be any delays.
With a new digital banking tool aimed squarely at the region’s SMEs, he spoke to CT about trends in transaction banking, small businesses and what the future holds for corporate treasurers.
Mox, the fifth of Hong Kong’s virtual banks, launched last month, showing a solid initial response. But what’s the future for the others and what’s in it for corporate treasurers?
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.
ION Treasury has rolled out a bank fee analysis tool that promises to reduce the manual labour involved in the process. Can machine learning tools eliminate it completely?
Powerful new data analytic platforms are shaking up commercial banking by allowing even smaller banks to compete for billions of dollars in revenues from companies unhappy with the service they are getting from their ...
J.P. Morgan’s wholesale payments team in China shared with CT why corporate onboarding has become so difficult. Meanwhile, a compliance professional at a European bank reveals the myriad challenges that hold up the ...
Three treasurers from businesses in the Asia Pacific region told CT why corporate onboarding at banks is still one of their biggest bugbears - and how the banks are losing business because of it
A recent Goldman Sachs report estimates that capital flows worth $4bn have been lost to Singapore as a result of the recent HK unrest. Where does this leave Hong Kong as a corporate treasury hub?
As Hong Kong’s protests stretch into their fourth month, at least two of the city’s new virtual banks have decided on a delayed soft launch of the financial product