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ABN Amro banker sees pullback of easy credit in trade finance

In China, the greater complication lies with liquidity chasing yield, and ongoing reform to tackle overcapacity in the economy
Monday, June 13, 2016 - 05:50

"It's rather tempting to go aggressive, because if all I have is a bank risk, why do I care so much? But then you start to have nasty cases - where there is fraud, where people contest and dispute." - Jacqueline Chang, regional head of commodities Asia, ABN Amro


THE easy credit so richly associated with commodities over the last few years has waned, with the infamous case of fraud at Qingdao prompting some banks to retreat amid the broad rise in anxiety over counterparty risks, says a top executive at ABN Amro in Asia.

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