Written by Karen Cheung, Vistra Hong Kong Director, Business Development, Corporate & Private Clients Through our International Expansion Division, we help our clients ease through the administrative headaches of entering new markets.  Vistra itself is now going through a dynamic phase of expansion and we have learnt a few things ourselves that we would like to share with you.   1. Define your goal – Think about what you want to achieve. Are you looking to expand your geographical coverage, product expansion, diversify...

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The OCC Bulletin sends a clear message that fintech-enabled services have become an integral part of the financial services ecosystem. On June 7, the Office of the Comptroller of the Currency (OCC) issued OCC Bulletin 2017-21 (Frequently Asked Questions to Supplement Bulletin 2013-29; Third-Party Relationships: Risk Management Guidance). This is the OCC’s second bulletin focusing on third-party oversight released this year (click here for our analysis of OCC Bulletin 2017-7). The first bulletin was directed to national bank examiners and established procedures for evaluating the...

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France has just been through a major election period occurring every five years, which also marks a profound reshaping of its political landscape. The memo below outlines the main takeaways of these past few months and what it means for France as well as for the EU. Executive Summary • The election of President Macron marks a new stage in the reshaping of the French political framework, with the victory of an independent candidate transcending the classic Left/Right divide. • The Government...

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DS-Concept has provided a $3 million non-recourse factoring facility to a high-growth licensed toy manufacturer. The company is using DS-Concept’s factoring facility to expedite cash flow and facilitate its penetration into new overseas markets. As a seasonal business experiencing increasing demand from retail stores, the company saw DS-Concept as a better option than a traditional bank because of their ability to accommodate for growth and seasonality. The company, based in Texas, is a licensed manufacturer and distributor of several well-known...

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