Asian loan markets are at a crossroads. 2016 has been a dismal year for the product with volumes declining to a three-year low amid market volatility, slow economic growth and limited M&A activity. The 12% year-on-year drop in the first nine months of 2016 compounds a similar decline in the same period in 2015, which was already reeling from a slowing Chinese economy. When participants in the Syndicated Loans Roundtable met in mid-October, one of them commented that we live in a world of ‘VUCA’ – volatility, uncertainty, complexity and...Read more