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Treasury & Capital Markets
When a bank fails in the United States, questions about who is to blame are often directed at many different regulatory agencies, because the system is complex and hard for outsiders to understand. In the wake of the collapse of Silicon Valley Bank, the case for an overhaul could not be stronger
25 Mar 2023
The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has set a July 1 deadline for the full adoption of the country’s unified QR code standard for secure payments.
24 Mar 2023
Over the course of several months, the board of editors at The Asset has taken note of these trends in Asia and has been carefully examining and understanding the various digital finance activities taking place in the region. As in previous years we are pleased to highlight this year’s The Asset Triple A Digital Awards winners who have excelled against a highly competitive and challenging market backdrop.
24 Mar 2023
If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it
23 Mar 2023
Standard Chartered has launched working capital and lending capability on its Straight2Bank (S2B) online platform for businesses to manage their transaction banking needs.
22 Mar 2023
The International Finance Corporation (IFC) is providing Saigon-Hanoi Commercial Joint Stock Bank (SHB) of Vietnam with an initial US$40 million loan to help expand access to finance by small and medium enterprises (SMEs), especially those owned by women. In a deal announced on March 21, the US$40 million facility is the first phase of an overall planned US$120 million financing package to help SHB provide more support for local enterprises and boost their participation in the global supply chain.
22 Mar 2023
Singapore-based OCBC Bank on Tuesday (March 21) officially opened a branch in Wuhan, the capital of Hubei Province in Central China, under its wholly-owned China banking subsidiary OCBC Wing Hang Bank (China) Limited.
21 Mar 2023
Although Silicon Valley Bank was not deemed to be systemically important, its insolvency forced the US Federal Reserve to head off systemic contagion and exposed the inadequacy of the FDIC’s partial deposit insurance regime. The financial stability framework adopted after the 2008 crisis obviously needs another overhaul
21 Mar 2023
Rather than developing a robust understanding of the errors that led to the 2008 global financial crisis, politicians and the public demanded that supervisory authorities simply double down on regulation. So, that is what they did, and we are now seeing the results with the sudden collapse of Silicon Valley Bank
21 Mar 2023
Global law firm DLA Piper has appointed Waranon Vanichprapa as sole country managing partner in Bangkok, effective immediately, in a move to further strengthen its Southeast Asia footprint.
20 Mar 2023
Bursa Carbon Exchange (BCX), Bursa Malaysia’s new carbon trading platform, completed its first carbon credit auction with domestic buyers acquiring all the available Verra-registered carbon credits. The auction, which was carried out electronically, saw 15 participants from various industries purchasing a total of 150,000 credits.
20 Mar 2023
“What could possibly go wrong?” That was how I ended my previous column for The Asset at the end of February, referencing the uphill battle Credit Suisse (CS) – Europe’s remaining large-bank outlier – still faced to make its restructuring work and regain the market’s trust. Alas, once clients start to bail on you, banks ditch counterparty exposures and neutralize all touchpoints, and the market loses confidence, it tends to signal the beginning of the end.
20 Mar 2023
Singapore-based OCBC Bank has launched a financing solution that incentivizes corporates to set and work towards clear carbon emissions reduction targets aligned with internationally recognized, science-based decarbonization pathways for their sectors. Under the OCBC 1.5°C loan programme, corporates will get a reduced interest rate on the borrowed amount when the targets are met or exceeded.
20 Mar 2023
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