Emerging markets are fast becoming the place to be for many offshore banks, but there are a number of hurdles to overcome in order to establish a foothold in the region
As expatriates are lured to the emerging markets to work, so offshore banks have been looking to set up shop in these countries to offer their products and services. An important factor encouraging this trend is the limiting nature of the banking and investment services available in the area's domestic markets. With little available choice, international investors are frequently seeking far more bespoke financial solutions than those available in the local market. Investors unfamiliar with local financial services have been turning towards products from offshore centres and from companies ...
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