Asian brokers are looking to pick up business from global investment banks
As the global banks grapple with tides of regulation,
fines, and a myriad of other post-crisis issues, local Asian
institutions are tooling up and stepping in to fill the gaps.
Steve Grob, Fidessa’s director of group strategy,
looks at the emergence of the Asian superbroker and
investigates how the locals are catching up with the big
Global banks have had a tough time in the past five
years. Soaring capital adequacy ratios and ballooning
compliance costs have forced them to look carefully at their
business models and cost bases. Asia in particular is proving
to be challenging ground, with as many different regulatory
regimes as there are countries in this huge and hugely diverse
region. Add the need to be 'local’ in every market
and it can be a stretch too far.
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |