Asiamoney Issue One 2018

On the cover

UBS sharpens its focus… while Hong Kong’s regulator draws its knife

UBS sharpens its focus… while Hong Kong’s regulator draws its knife

Competitors have been quick to delight in the travails of UBS’s Asian investment bank, notably its decline in the league tables and a revolving door at senior management level. A ban imposed by Hong Kong’s regulator is the latest stick with which to beat the Swiss bank. But UBS’s regional leadership remains bullish – not least thanks to the power of its private bank.

Sri Lanka's reluctant saviour

Indrajit Coomaraswamy was all but retired when the call came to run Sri Lanka’s central bank. He can’t remember saying yes to the job, but in 18 months, the self-effacing civil servant has given a government on the edge of bankruptcy a new lease of life.

Editor's letter

Review

PBoC shines in regulatory shake-up

China is bringing its banking and insurance watchdogs under one roof, and experts say the People’s Bank of China (PBoC) is the real winner, with an even broader mandate.

China: Foreign banks breathe easier

Life for foreign banks in China should be easier now that the China Banking Regulatory Commission (CBRC) has made important changes to the rules governing their activities that should create a more level playing field.

India

Sri Lanka

Pakistan

Myanmar

Waiting for change at Myanmar's central bank

Waiting for change at Myanmar's central bank

Myanmar’s central bank governor Kyaw Kyaw Maung has long been seen as an impediment to reform. But come July, he will be out and a new chief will be in, heralding, it is to be hoped, a new era of change

Mobile money services make waves in Myanmar

Seven years ago, the country had virtually no formal banking sector. Now, its clunkier commercial lenders face extinction thanks to the arrival of exciting new mobile money services whose mission is to march onwards and upwards.

Bangladesh

BKash builds a payments system for the future

BKash builds a payments system for the future

Kamal Quadir has transformed financial services for the poor in Bangladesh with bKash. The mobile payments system is shaping up to be a great success story. Here’s how a child of independence put it together.

Macau

Macau turns to a hub

Macau turns to a hub

Instead of ignoring its colonial past, Macau is using it as a unique selling point for its renminbi clearing services by targeting Portuguese-speaking markets. But that business hasn’t arrived yet, and it will always struggle to overcome the challenge of the commodity dollar.

Also in this issue

Asia: How to make the most of cash management

Asia: How to make the most of cash management

Corporate treasurers are looking afresh at their liquidity management strategies as rising rates make margins and the use of cash increasingly important. Advances in big data and automation mean banks are ready to help them.

Surveys and awards

The Middle East’s Best Banks for Asia 2018

The Middle East’s Best Banks for Asia 2018

The financial connection between the countries of the Middle East and the trading nations of Asia becomes ever closer and more active. This new set of Asiamoney awards recognizes the banks from the region that have done the most to help develop their local clients’ Asian operations and facilitated financing for Asian companies looking to build their businesses in the Gulf.