Banks continue to view Asia as the number one region for growth according to responses from an opinion poll carried out at a recent event held by Barclays.
Attended by senior representatives from global financial institutions, half of bank executives surveyed believe Asia offers the greatest opportunities outside of their home markets, with Latin America identified by 17%. Europe was selected by 13%, although concerns over the eurozone remain.
The poll also highlighted that regulation remains the single biggest concern for banks at present (52%), while 21% cited ‘lack of capital’ and 20% opted for ‘funding’.
The majority (77%) also stated that changing Basel regulation is a key driver for banks to deleverage. Asked whether we’ll see any further episodes of deleveraging in the months and years ahead, 58% stated ‘yes’ in a material way.
Matt Tuck, head of financial institutions, Barclays Corporate Banking, said: “More banks are focusing on the opportunities for growth that the Asian market possesses and we certainly expect this to continue, but Europe, regardless of its current challenges, remains a very important market for the banking industry.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.