When “know your client” rules for correspondent banking went live, banks responded by exiting countries and products en-masse. New onboarding and database tools should help to reverse this worrying trend.
Indian banks given power to own defaulting companies; Bank Indonesia uses fines and foreign exchange regualtions to tackle declines in rupiah; Hong Kong banks are targeted for Anti-Money-Laundering violations
The People's Bank of China cut the renminbi benchmark lending and deposit rates, while further liberalising market limits; The State Bank of Vietnam’s raised the USD/VND exchange rate; India's new electronic Know ...
After the State Bank of Vietnam’s (SBV) devaluation of the dong on January 7, CT asks FX strategists what similar FX moves Asia-Pacific treasurers should look for in 2015.
The Reserve Bank of India is imposing capital and requirements and deposit restrictions on shadow banks; Bank Negara Malaysia signed an MOU with the People's Bank of China (PBOC) to implement renminbi clearing in ...
Sonal Priyanka has been hired away from BAML as Societe Generale’s new regional head of trade for global transaction banking Southeast Asia, India, and Middle East.
The Indian Finance Ministry has established regional debt recover tribunals to help relieve state-owned banks of non-performing loans; China has eased round trip investment rules and establishes three new private ...
The top fifteen countries by deal value for ECA financing, structured commodity financing, supply chain finance, trade flow business, and syndicated trade financing loans.