Vietnam Bank for Agriculture and Rural Development has signed up for Swift’s Know Your Customer (KYC) Registry. Similar initiatives could help treasurers get onboarded with banks faster.
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 ...
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
Keen to appease treasurers, the Bank of Thailand plans to relax foreign exchange regulations to make the country more attractive for setting up corporate treasury centres.
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 ...
The quick rollout of a 537-page overhaul of Vietnam’s financial statements, effective February 5, has treasurers and tax professionals scrambling to understand implications.
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 ...
Grant Thornton’s Vietnam director Pham Ngoc Long, takes CT through the steps of tax inspection in Vietnam following pressures on tax departments to meet annual state budgets.