China’s X-border transaction curbs are hindering companies that want to pay off debt offshore and increasing their appetite for X-border guarantee financing. But firms must play nice and not step across the line.
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 China, regulators have tightened their grip on the bill financing sector in the wake of a series of fraud cases. But companies are desperate for a quick risk-management cure.
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.