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.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
CFOs and finance directors broadly praised the state of local corporate funding at the 5th Annual Corporate Treasury and CFO Summit in Manila, but hoped for cross-border and asset-backed lending.