For many corporates in Asia, risk management has become more than a department it has become a business plan. Companies have been ravaged by the financial crisis enticed by the tech boom dashed by the tech collapse and are now hurting from decreased margins. Doing business in Asia has never been so volatile.
Within this overall matrix of risk, corporate treasurers and CFOs are increasingly turning to their banks to provide them with the financial insurance they need to be able to sleep at night. Derivatives are now big business for banks operating in Asia and the main reason is that many of their corporate clients have bought into the derivative buzz.
Asian corporates...
