House of the Year, Indonesia: CIMB Niaga

Structured product capability enables CIMB Niaga to win Indonesia award

john-simon

This year has seen the return of foreign exchange volatility and Indonesia has been harder hit than most, with a 7% slide leaving the rupiah close to 14,000 to the US dollar – its lowest rate since 1998 during the dark days of the Asian Financial Crisis. In a bid to protect the currency, Bank Indonesia, the country's central bank, expanded its previous policy of compulsory forex hedging to corporates while clarifying that such hedges will be treated as risk management, rather than investment ass

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: