The Chinese government and the People’s Bank of China are yet to disclose the formal details concerning China’s International Payment Platform, but there is little doubt that the new system will fundamentally change the renminbi clearing market as well as the future of offshore renminbi hubs.
Trinidad and Tobago finance minister Larry Howai tells Silvia Pavoni about his plans for the country's international finance centre, and explains why its improving legislative framework and educated workforce make the country stand out from its Caribbean peers.
The governor of Trinidad and Tobago's central bank, Jwala Rambarran, has overseen a hectic period in which the country has considerably tightened its supervision procedures, sought to clarify the role of its international finance centre and developed its capital markets. He tells Silvia Pavoni how improving financial inclusion is his next priority.
With an average GDP per capita higher than any other country in Central and South America, Trinidad and Tobago has built its economic might on the back of its oil and gas resources. However, the Caribbean country is now looking to diversify its economy, and key to this is the establishment of an IFC.
Regulatory compliance has become a high-priority topic on the agenda of many senior managers. Marcus Sehr, global head of cash management financial institutions, product, and Ulrich Goeres, global head of anti-money laundering and anti-financial crime, at Deutsche Bank discuss the current challenges facing banks and correspondent banking services in particular.
Wolfgang Wagner, the global head of cash management financial institutions, sales, at Deutsche Bank talks about the latest developments in transaction banking, evolving correspondent banking models and the growing importance of client-centric relationships.
Low volatility and low yields are making life tricky for structured product providers. But by broadening their range of products and by doing more to tap upcoming markets, such as Asia, they have been able to ensure they get plenty of business.
Index-based structured products have grown in popularity since the financial crisis, as investors have sought flexible and bespoke ways to gain exposure to certain assets. And while the threat of tougher regulation looms, bankers are confident it will not slow down the market.
Cash management is growing in importance, but negative interest rates, the regulatory fallout from the financial crisis and an increasingly complex political landscape are colluding to make life difficult for transaction bankers and corporate treasurers.