No trade finance exemptions for British banks?
Jul 15, 2013
Asia’s finance hubs hit hard by bank deleveraging
European banks are pulling financing out of Asia with Singapore and Hong Kong badly hurt, especially in trade finance. Asian banks are taking some of the slack.
Extensive deleveraging from European banks has caused a dramatic scaling back of financing in Asia, falling $119.5 billion from the peak, to $1,263 billion by the end of last year, according to data from the Bank of International Settlements.
Sign-in to access CorporateTreasurer content.
Please sign in to your subscription to unlock full access to our premium CT resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial. Click the link to get started.
Note: This free trial is a one-time offer. You are eligible for one free trial per year.
If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
