Against very clear headwinds due to the trade war and decelerating investment, China's State Council has unveiled plans to take a more aggressive fiscal policy in 2018 with a reduction of corporate and household burden by RMB 1.1 trillion.
Acquisition and Leveraged Finance, in a broad sense, involves debt being raised from banks (mostly) to fund an acquisition, based primarily on the financial strengths and credit-worthiness of the target.
In the fourth and final part of a special series of reports regarding conduct risk consumer protection regulations, we focus on some of the tactical implementation activities that will be required to demonstrate commitment to the fair treatment of customers.
In Part Three of a special series of reports regarding conduct risk/consumer protection regulations, we start with an overview of existing Asia Pacific regulations designed to address misleading and deceptive practices.
Even though the principles of financial services consumer protection have been around in Asia for a number of years, there seems to be little desire to embrace the concepts of fair treatment as a strategic tool to reduce the risk of poor customer outcomes.
The latest strategy to aggressively grow unsecured loans to the SME segment, underpinned by the hopes of earning mega bucks to make up for the falling margins is bold but could well be the cause for the next disaster.
Given the massive funding requirement of infra sector (>$500b in the next decade by some estimates), the domestic banking sector is feeling the constraints in meeting these large debt requirements:
• Reaching the Prudential exposure norms for a particular industry; govt.