Banks’ decision a sign of the Equator Principals in action

Paul Camp, global head of cash management financial institutions, global transaction banking, Deutsche Bank

Banks are under pressure to generate revenue, reduce costs and mitigate risks in the recession. At the same time, investment needs have never been higher. So which is the best way forward for banks attempting to meet client demands for cash management services?

In a speech at the IIF Spring Membership Meeting in Beijing in June, South Korean prime minister Han Seung-soo explained how the lessons learned from the Asian crisis of 1997 has helped his country come through the current recession in better shape than most.