Ngulminthang Lhanghal - Financial Expert

A Singapore senior minister says the city-state’s financial regulator does not plan to inject liquidity into the commodity finance market, insisting access to finance from the banking sector remains robust. Tharman Shanmugaratnam, a senior government minister in charge of the Monetary Authority of Singapore (MAS), said this week that demand for working capital has increased among commodity traders due to higher margin requirements. As a result, traders “have had to use derivatives more widely to hedge their exposures against price volatility”, he said in response to a parliamentary question on risks to the financial sector. “Firms which do not manage their risks well may run into difficulty in servicing their loans.” In addition, virus containment measures introduced in China are expected to disrupt production and supply chains, causing “spillover effects” on the city-state’s trading activity, Shanmugaratnam said. The total exposure to commodity finance transactions among Singapore’s b...

Jain (pictured), based in Singapore, and Frankfurt-based Resovac take over the role from Daniel Schmand, who earlier this year became global head of institutional cash management and head of corporate bank operations at the German lender. They will report to Stefan Hoops, head of Deutsche’s corporate bank. The bank says the double-headed structure reflects the changes in the trade finance industry in recent years “as technology, geopolitics, the pandemic and technology have rearranged the competitive landscape together with increased levels and complexity of risk”. Jain, who Deutsche describes as “one the bank’s most seasoned trade finance experts” has been with the bank for over two decades, most recently running trade finance and lending for Asia Pacific. Read more: https://ngulminthanglhanghal.wordpress.com/2022/04/29/deutsche-bank-splits-trade-finance-leadership-across-europe-asia/