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Treasury & Capital Markets
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
In 2018, US lawmakers loosened banking regulations on the spurious grounds that smaller banks do not pose systemic risks to the stability of the financial system. Unfortunately, everyone will have to relearn the hard-won lessons of past banking crises
19 Mar 2023
Khan Bank, Mongolia’s largest commercial financial institution, has issued the first-ever green bond to be issued in the country, a US$60 million, five-year offering. The International Finance Corporation (IFC) is investing US$15 million in the offering, which has attracted another US$45 million from international investors, including US$35 million from Dutch entrepreneurial development bank FMO and US$10 million from MicroVest Capital Management.
17 Mar 2023
If Ajay Banga is confirmed as World Bank president – as is likely – he will have to find ways to meet the demands of a global south that is eager for change. Failure to do so would undermine the bank’s long-term viability; and jeopardize the West’s future ability to exercise its convening power
16 Mar 2023
Bank of China (Hong Kong) (BOCHK) has executed its first three-month green renminbi reverse repurchase transaction amounting to 500 million yuan (US$72.5 million). Crédit Agricole Corporate and Investment Bank acted as the counterparty of the trade.
15 Mar 2023