Several senior bankers in Standard Chartered’s transaction banking division have shifted positions, including George Nast, newly global head of sales & client management.
European banks are potentially being priced out of the notional pooling market due to International Financial Reporting Standards (IFRS) and Basel-III implementation.
While currently no Asian-headquartered bank offers bank service billing in standard TWIST file formats, Asian banks are being led by regional reform efforts, observers believe.
Standard Chartered Bank has arranged a 10-year fixed renminbi cross-currency swap based on Hibor for an undisclosed client, highlighting the rapid development of the offshore renminbi market.
Sep 23, 2013
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