Partnering with a fintech company can clearly benefit your treasury operations; but if banks fret about risks associated with new technology, so should corporate treasurers. The right due diligence is essential.
As the Philippine central bank seals its first deals under a new cross-border framework, doubts remain as to whether treasurers will benefit as banks struggle with ingrained differences between the region's markets.
An MNC can now enter hedging agreements in India, but it will have to process the instruments via a tri-partite agreement with an Indian bank, the MNC's Indian subsidiary and its own treasury function.
The US will be given the time it needs to settle its position before Basel III rules are finalised, a Deutsche Bundesbank official says. Meanwhile in Asia, the rules' effects are already being felt by CFOs.