-
TRUST AND AGENCY SERVICES
Outlook for CLOs in 2025 – reason for optimism?
LATEST ARTICLES
TRADE FINANCE
Commodities outlook for 2025 prices Commodities outlook for 2025 prices
What does the combination of US tariffs, a potential end to the Russia/Ukraine conflict and the prospect of more fiscal stimulus from Beijing to drive up China’s 2025 GDP mean for industrial metals and crude oil? flow’s Clarissa Dann shares commodities markets insights from the Deutsche Bank Research team
MACRO AND MARKETS, DOSSIER ASEAN, TRADE FINANCE
Asia 2025 outlook: what CFOs should prepare for Asia 2025 outlook: what CFOs should prepare for
How could leading Asian economies respond to a more protectionist US trade policy? And what does this imply for hedging strategies that corporates can apply to manage the impact in currencies moves? flow’s Desirée Buchholz summarises insights from Deutsche Bank Research Asia specialists
CURRENT EDITION
CASH MANAGEMENT
FLOW CASE STUDY, CASH MANAGEMENT
Takeda’s in-house banking expansion into APAC Takeda’s in-house banking expansion into APAC
Japanese pharma company Takeda embarked on its in-house banking journey as early as 2008. Assistant Treasurer, Fiona Foley and Treasury Operations Lead for EMEA and Canada, Andreas Schollenberger tell flow’s Desirée Buchholz why the team’s attention is now turning to Asia-Pacific – and how on-behalf-of structures are a big lever for efficiency
CASH MANAGEMENT, TECHNOLOGY
CBDCs: where do we stand in Europe? CBDCs: where do we stand in Europe?
The European Central Bank (ECB) is moving ahead both with a retail CBDC (the digital euro project) and new ways to settle blockchain-based transactions in central bank money. In a webinar hosted by Deutsche Bank Research, Jürgen Schaaf, Adviser for Market Infrastructure and Payments at the ECB, talks about timelines, goals and the role of banks in the new ecosystem
CASH MANAGEMENT
Sibos 2024: piecing together the payments puzzle Sibos 2024: piecing together the payments puzzle
Sibos descended on Beijing for the first time this year, arriving with some of the biggest payment topics in tow – from the G20 Roadmap and ISO 20022 to AI and digital wallets. flow explores the latest developments shaping the future of payments
TRADE FINANCE
TRADE FINANCE
Commodities outlook for 2025 prices Commodities outlook for 2025 prices
What does the combination of US tariffs, a potential end to the Russia/Ukraine conflict and the prospect of more fiscal stimulus from Beijing to drive up China’s 2025 GDP mean for industrial metals and crude oil? flow’s Clarissa Dann shares commodities markets insights from the Deutsche Bank Research team
FLOW CASE STUDY, TRADE FINANCE
REC: supporting India’s renewable energy strategy (1) REC: supporting India’s renewable energy strategy (1)
In the first of two articles, flow’s Clarissa Dann sets out the Indian government’s strategy for increasing its renewable energy capacity, with insights from REC Limited, the country’s prominent “Maharatna” public sector enterprise
FLOW CASE STUDY, TRADE FINANCE
REC: financing India’s renewable energy strategy (2) REC: financing India’s renewable energy strategy (2)
In the second of two articles, flow’s Clarissa Dann explains how renewable energy projects in India are financed, the role of non-bank financial institutions, concluding with a profile of REC Limited and how Deutsche Bank has supported this NBFI with lending
DOSSIER SUSTAINABLE FINANCE
Discover the world of finance
COMMUNITY
Discover the world of finance
Since its launch in 2020, the broadcast channel ExpeditionFinance has been exploring the future of the financial industry. Deutsche Bank host Jürgen Schmitt reflects on a journey which has taken him from Australia to Turkey, to Singapore and the US – and one which is far from over
The price of CO₂
SUSTAINABLE FINANCE
The price of CO₂
Carbon pricing is essential to combat climate change as it incentivises companies to reduce greenhouse gas emissions. flow’s Desirée Buchholz looks at how regulatory initiatives in the EU could impact global investment flows – and the role voluntary carbon markets play in reaching net-zero commitments
Biodiversity: funding our future
SUSTAINABLE FINANCE
Biodiversity: funding our future
A different approach to funding is needed to restore biodiversity and keep it intact. Markus Müller, Chief Investment Officer ESG at Deutsche Bank Private Bank, looks at how nature is impacting investor behaviour
FLOW CASE STUDIES
Takeda’s in-house banking expansion into APAC
FLOW CASE STUDY, CASH MANAGEMENT
Takeda’s in-house banking expansion into APAC
Japanese pharma company Takeda embarked on its in-house banking journey as early as 2008. Assistant Treasurer, Fiona Foley and Treasury Operations Lead for EMEA and Canada, Andreas Schollenberger tell flow’s Desirée Buchholz why the team’s attention is now turning to Asia-Pacific – and how on-behalf-of structures are a big lever for efficiency
Salzgitter AG: transitioning to green steel
FLOW CASE STUDY, SUSTAINABLE FINANCE
Salzgitter AG: transitioning to green steel
Coal-based blast furnaces have been core units in steel production for more than 100 years. Now, the industry is looking for ways to cut CO₂ emissions to align with net zero targets from regulators and customers. flow’s Desirée Buchholz reports on how German steel- and technology company Salzgitter AG is leading the way towards decarbonising steel manufacturing
Stabilus: Setting up business in India
FLOW CASE STUDY, CASH MANAGEMENT
Stabilus: Setting up business in India
In April 2024, German automotive supplier Stabilus Group acquired US industrial automation specialist DESTACO to expand its industrial business. To close this transformational M&A deal, Stabilus had to set up a legal entity in India that fulfilled all financial requirements within six months, explains CFO Stefan Bauerreis. flow’s Desirée Buchholz reports on how the company achieved this goal
SECURITIES SERVICES
SECURITIES SERVICES, REGULATION
T-day for the EU? T-day for the EU?
Now that the European Securities and Markets Authorities (ESMA) is recommending 11 October 2027 as an optimal T+1 transition date for shorter settlement cycles, what does this mean for financial market infrastructure participants? flow tracks the consultation journey so far and lessons learned from markets already on T+1
SECURITIES SERVICES
China’s capital markets illuminations China’s capital markets illuminations
At Sibos Beijing, securities services discussions addressed China’s capital market reforms, standardisation/interoperability, the role of DLT and tokenisation in improving fund operation efficiencies, changing investor demographics, and market infrastructure resilience. flow’s Clarissa Dann reports
SECURITIES SERVICES
Accessing Asia – how to invest in a dynamic market Accessing Asia – how to invest in a dynamic market
As Asia continues to attract attention for its high growth and promising returns, flow shares key takeaways and reflections from a seminar hosted by The Asset in association with Deutsche Bank on the Asia investment opportunity and the post-trade response
MACRO AND MARKETS
Asia 2025 outlook: what CFOs should prepare for
MACRO AND MARKETS, DOSSIER ASEAN, TRADE FINANCE
Asia 2025 outlook: what CFOs should prepare for
How could leading Asian economies respond to a more protectionist US trade policy? And what does this imply for hedging strategies that corporates can apply to manage the impact in currencies moves? flow’s Desirée Buchholz summarises insights from Deutsche Bank Research Asia specialists
The rise of Global Capability Centres in APAC
MACRO AND MARKETS, CASH MANAGEMENT, CASE STUDY
The rise of Global Capability Centres in APAC
Formerly, it was mainly back-end functions that were outsourced to Asia-Pacific. Today, these hubs drive technological innovation and enhance organisational efficiency on a global scale. What does this mean, both for the treasury function and for corporate banking services?
Monetary policy relaxation?
MACRO AND MARKETS, TRUST AND AGENCY SERVICES
Monetary policy relaxation?
Three months after the European Central Bank, the US Federal Reserve delivered its first interest rate cut since the pandemic – and now China’s own stimulus is taking root. flow reviews Deutsche Bank Research analysis of this latest round of dovishness, and ongoing monitoring of these central banks’ balance of inflation control vs threatened recession and unemployment
TRUST AND AGENCY SERVICES
TRUST AND AGENCY SERVICES
Outlook for CLOs in 2025 – reason for optimism? Outlook for CLOs in 2025 – reason for optimism?
CLOs had another stellar year in 2024, but what is their likely trajectory over the next 12 months? There is cause for optimism and flow provides an update drawing on published insights from Deutsche Bank Research’s Conor O’Toole and Jamie Flannick
TRUST AND AGENCY SERVICES, MACRO AND MARKETS
Private credit – a rising asset class explained Private credit – a rising asset class explained
Following flow coverage of collateralised loan obligations (CLOs) and trade finance assets from an origination and investor perspective, the flow team reviews private credit, an asset class which has grown significantly since the financial crisis. This ‘explainer’ includes an overview of the sector’s asset managers, borrowers, financing structures, geographies, investor capital, and product offerings
TRUST AND AGENCY SERVICES, SUSTAINABLE FINANCE {icon-book}
Greening the night with the SunZia Wind and Transmission projects Greening the night with the SunZia Wind and Transmission projects
US renewable energy company Pattern Energy is transforming the energy supply for three million Americans with its SunZia project. With insights from the company’s Project Finance and Corporate Development Director Carlyne Mickle and Deutsche Bank’s Trust and Agency Services team, flow’s Clarissa Dann tracks progress so far
DOSSIER ASEAN
MACRO AND MARKETS, DOSSIER ASEAN, TRADE FINANCE
Asia 2025 outlook: what CFOs should prepare for Asia 2025 outlook: what CFOs should prepare for
How could leading Asian economies respond to a more protectionist US trade policy? And what does this imply for hedging strategies that corporates can apply to manage the impact in currencies moves? flow’s Desirée Buchholz summarises insights from Deutsche Bank Research Asia specialists
DOSSIER ASEAN, MACRO AND MARKETS {icon-book}
The blossoming of ASEAN The blossoming of ASEAN
The ASEAN countries are a vital part of the global economy. flow takes a closer look at the bloc’s growth, current status, and prospects
DOSSIER ASEAN, MACRO AND MARKETS
Navigating China’s slowdown Navigating China’s slowdown
In the Q3 Asia Corporate Newsletter, Deutsche Bank Research analysts examine the impact of China’s slowing growth and what this means for corporates and their risk management around currency hedging and supply chain diversification