Suppliers in Asia are still struggling to get access to credit. Financial innovation is making a difference, but corporate treasurers and financial institutions must play a role too.
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.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.