Fitch Ratings has said that official Asian demand for US dollar assets is likely to remain strong. In addressing an audience of local bankers, investors and media at Fitch’s first Asian Regional Seminar in Mumbai, India, Brian Coulton, Senior Director, Sovereigns Group, Asia, elaborated that the need for US current account adjustment has put Asian central banks’ exchange rate policies under intense scrutiny. But Coulton noted that ongoing credit tightening in China, lingering deflationary pressures in Japan and a weak domestic demand outlook in Korea, may limit prospects for a wholesale change in approach to exchange rate policy by the larger players. “While sterilisation efforts remain manageable at this stage, capital inflows will push up inflation and real exchange rates in emerging Asia and along with an improving investment and private consumption outlook in South East Asia these trends may characterise Asia’s contribution to the rebalancing of global demand,” said Coulton.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more