Why bank passporting won't pay off in Asean

As the Philippine central bank sealed its first deals under a new crossborder framework, doubts creep in as to whether treasurers will benefit as banks struggle with ingrained differences between the region's markets


More Philippine banks will be allowed to operate subsidiaries in other Association of Southeast Asian Nations (Asean) states – and vice-versa – after the country's central bank agreed its first deal with a peer under the Asean Banking Integration...

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