There has been increasing interest over the largest emerging market banks and Standard & Poor’s Ratings Services’ expectations for their future performance. Below, we answer questions that investors and other market participants have asked us about the largest BRICMT (Brazil, Russia, India, China, Mexico, and Turkey) banks’ asset quality, their capital levels to support a still high lending growth, their profitability, and what effect the slowing economies in these six countries and the Federal Reserve’s expected tightening monetary policy will have. (Watch the related CreditMatters TV segments titled “Are The Good Old Days Over For Banks In Large Emerging Markets, Particularly China And India?,” dated Oct. 23, 2013, “Trends And Outlooks For Russian And Turkish Banks,” and “Can Brazil And Mexico’s Banks Handle The Economic Slowdown?,” both dated Oct. 22, 2013)
In this CreditMatters TV segment, Ritesh Maheshwari, managing director and lead analytical manager of Asia-Pacific Financial Services Ratings, summarizes the findings of a report that studies the banking systems in the six largest emerging markets, with specific insights on China and India.
ISDA is preparing to release a pre-publication draft of the 2013 ISDA Credit Derivatives Definitions at the end of this week. This will mark the first time that the association has circulated detailed implementation language for the proposals.
Amazing learning opportunity from the experts.
Please register at https://attendee.gotowebinar.com/register/892188069899921665
View video here : https://ratings.standardandpoors.com/?video=224826211
It’s going to be a rough ride for corporate and bank credit in the Asia-Pacific in the coming year. Credit conditions have generally weakened in the light of dampened economic prospects and turbulent financial markets. China’s economy has slowed more than previously expected, which is having a flow-on effect on other regional economies. At the same time, global financial markets are exhibiting more turbulence, with significant sell-offs in emerging markets
Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche
Bundesbank, at the 24th European Business School Symposium, Oestrich-Winkel,
19 September 2013.
Read more at http://www.bis.org/review/r130919a.pdf?frames=0
A Debt market measure : Read more at http://articles.economictimes.indiatimes.com/2013-09-10/news/41938117_1_debt-market-debt-platform-corporate-bonds
More banks, more credit…
Another step towards development of bond markets
Another step towards development of Bond market…
Link to Part 1 : http://www.beyondproxy.com/detecting-accounting-fraud-asia/
Link to Part 2 : http://www.beyondproxy.com/detecting-accounting-frauds-asia-part-2/
The APAC Markets Monthly Newsletter is available mid-way through each month. TO CONTINUE RECEIVING THIS COMPLIMENTARY REPORT, CLICK HERE.
Inside this month’s issue:
- Commentary from Equity Research
- CDS Spreads on Selected Countries in Asia
- Asia Fixed Income Indices
- M&A Activity by Month and Sector
- Private Equity Investments and Buyouts
- Venture Capital Investments
- Public Offerings