S&P – A Waning Economic Tide May Expose Hazards For Weaker Asia-Pacific Banks In 2014

If a rising tide lifts all boats, it remains to be seen how a falling tide might affect Asia-Pacific’s banking sector. Standard & Poor’s Ratings Services believes financial institutions in the Asia-Pacific region may face more hurdles in 2014 after relatively resilient years because softer economic growth and wary financial markets will likely weigh on their asset quality. Although we see GDP growth in Asia-Pacific improving slightly to 5.4% from 5.3% in 2013, slower growth and tightening monetary conditions in China could have spillover effects on markets including Indonesia, Australia, Taiwan, Korea, and Hong Kong. In addition, the Federal Reserve–the monetary authority in the U.S.–will likely continue tapering its quantitative easing program, and this could lead to more volatile foreign exchange and interest rates.

Read more at https://ratings.standardandpoors.com/financial-institutions/2014-Asia-Pacific-Bank-Outlook.html?sp_mid=30050&sp_rid=22560

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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