Question

What are RBC’s(Royal Bank of Canada) four major business lines in its Asia Pacific network? What are the limitations of BIBF licenses? What are the advantages of the possible upgrading of RBC’s operations in Thailand to a branch status?

Please be descriptive and provide bullet points

Answer 1

Royal Bank of Canada:-

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional

and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada

RBC’s(Royal Bank of Canada) four major business lines in its Asia Pacific network:-

1. Bank and trade
2. Multinationa financing
3. Treasury service
4. Global private banking

The limitations of BIBF licenses

A BIBF license enables a bank entry into a strictly controlled market with numerous constraints in place. A few of thse ilimitations are: foreign banks ae restricted to just one office, banks can not handle regional currency, only particular transctions can be carried out, and banks making loans require to borrow those funds from overseas.

The advantages of the possible upgrading of RBC’s operations in Thailand to a branch status:-

The benefit of possible upgrading of RBC's operations in Thailand to branch status is that a few of the BIBF license's restrictions are no longer in place. A bank in Thailand that has accomplished branch status can participate in a bigger variety of company, and can deal in the regional currency.