The British engineering giant faces a huge bill over illicit payments to third parties in Asia and elsewhere. The case offers important lessons for CFOs in examining payments to third parties overseas.
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.
Kaushik Shaparia, Deutsche Bank’s Asia-Pacific head of trade finance and cash management for corporates, tells CT what the bank’s new CEO and strategy means for his patch.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
The desire to improve cash visibility is directly tied to the need to establish flexible corporate-to-bank connectivity. In this webcast, jointly hosted by CT and OpenText | GXS, experts take you through the reasons ...