Accounts Payables / ReceivablesAutomation and connectivityBanking and service providersBig dataCapital marketsCentralisationClearing and settlementCounterpartyCredit and CommoditiesCredit facilitiesDeposit management / InvestmentDigital and Mobile bankingForecastingForeign exchangeIn-house bankingInsuranceInterest ratesLiquidity and cash flowPayment cardsShared service centresStraight-through processingStrategySupply chain managementSystemsTrade financeTreasurers and CFOs
Treasurers in Asia have a key role in avoiding the dangers posed by third-party misconduct. An EY survey shows many need to up their compliance efforts.
Almost nine in ten companies operating in China experienced some form of fraud in 2016, with one third naming senior/middle management as key perpetrators, according to a recent Kroll report.
Singapore’s tax authority rolls out new rules on transfer pricing reporting. Multinationals will have to invest in people and resources to ensure they are compliant.
In an attempt to guide the country’s largest borrowers away from overdependence on bank loans, the Reserve Bank of India has moved to make bank facilities more costly for them.
*CFETS announces list of participants allowed in interbank RMB trading
*China issues rules to clean up P2P lending
*MAS proposes National Payment Council
*RBI announces rules on group exposure framework
The aircraft maker said it had failed to provide full disclosure on its use of third-party agents for sales in the emerging markets. Authorities are looking into the case while freezing credit support.
A huge fraud case reported by China’s Bank of Tianjin under its bill financing business has cast a larger shadow over trade finance governance in the country.