Institutional Banking for Emerging Markets

An up-to-date treatment of correspondent banking in emerging markets Institutional Banking for Emerging Markets provides a clear definition of correspondent banking, a systematic treatment of the topic, a review of the relevant literature, vital information, and practical content, cases, and empirical documentation. It looks at how problem solving is more difficult in emerging markets and the vital importance of establishing good relationships to provide better product marketing and risk management. It also stresses how one case in a particular country cannot necessarily be repeated or applied in another country. Wei-Xin Huang (Rotterdam, Netherlands) is Senior Relationship Manager and Area Head for Greater China and Korea for Fortisbank SA/NV, of Rotterdam. He is also an Adjunct Professor of Finance and Accounting at Webster University Leiden and the Maastricht School of Management. In today's competitive banking industry, institutional banking is attracting greater interest. Under the globalization umbrella, inter-bank business is undergoing dynamic change and is transcending the boundaries of traditional correspondent banking. In today's climate, no bank, regardless of size, can grow without the cooperation of other banks and no bank can hope to survive and prosper without utilizing emerging markets. Institutional banking in emerging countries has some unique functions: for example, problem solving is heavier and more crucial in emerging markets than in developed countries, given the irregularity of the market and non-transparency of the financial/legal systems. Moreover, it is particularly necessary to forge good relationships, day-to-day contact and personal communication, to provide better chances for product marketing and risk management. Products are therefore tailor-made and adapted as the situation dictates, a successful lesson for one case in one country cannot necessarily be repeated in another. Huang provides a systematic framework for the subject combining both principles and practice. The direct experience of the author, allows him to write authoritatively about the subject with academic vigour as well as a large amount of practical knowledge which only a practitioner can provide. The book contains numerous real life examples and case studies to allow the reader an insight into how Institutional Banking actually works in the real world. The book also contains a supplementary CD which includes chapter summary's and further information.