China plans on rolling out more RMB convertibility programmes in FTZs * EU and the US agree on central counterparty clearing requirements * South Korea promises relief to firms in the KIC region * The Philippines ...
U.S. proposes changing the global tax system for corporates * OECD inks tax co-operation * Shanghai to build X-border RMB payment and clearing center * SGX revises calculation methodology *Thai ministry grants ...
Myanmar’s central bank aims to reduce dependency on the dollar * RMB will be an official reserve currency * India’s external borrowing structure under revision * and more…
Banks began processing international renminbi payments through China’s new cross-border interbank payment system (Cips) sparking wide acclaim from participants.
The advent of digital technology is an important source of growth for national economies. It creates more jobs and is reshaping traditional industries and transforming all sectors, from fashion to automotive, from ...
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.
China's State Administration of Foreign Exchange revises assessment methods on banks in FX compliance; Non-Chinese firms permitted for data and transaction processing; Hong Kong Monetary Authority extends operating ...