A battle over the soul of supply chain finance is raging as fintechs slam banks as outdated, banks accuse fintechs of being lightweights and the rating agencies who insist that trade credit is not debt
*Hong Kong launches fintech sandbox
*SFC designates CCPs for OTC derivative transactions
*PBoC to rule China’s bond market
*Korea opens world’s first Fintech Open Platform
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.
The Sibos Corporate Forum offered treasurers a chance to tell the banks what they really need from them. Some queried whether they would even need to use banking services in the future.