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RMB: A Bumpy road ahead

  • Issue No 143

In this issue, we analyse the implications of RMB joining SDR and its effect on offshore renminbi centres around the world. We have also included our annual Global Offshore RMB Assets Ranking where we evaluate leading financial institutions and RMB-dominated businesses outside of China. The focus on International Financial Reporting Standards 9 (IFRS 9) points out the challenges that banks face to meet the January 2018 deadline and their approach in integrating risk and finance models to enable its successful adoption. We also look at how transaction banks are reviewing their value propositions in view of the difficult financial conditions that are disrupting their businesses.