The HKMA scraps renminbi clearing bank requirements for repo transactions; Korean regulator promises lower foreign bank barriers; Safe reforms foriegn debt policies for non-Chinese MNCs.
The Reserve Bank of India issued guidelines for its new receivables discounting system; Russia passes laws protecting in-country financial services, such as auditing; Thailand's issues new capital registration rules.
As China signs onto an intergovernmental agreement to comply with US FATCA regulations, questions remain about formats and deadlines, but its reach is inescapable.
Treasurers in Thailand treasurers have expressed lower levels of satisfaction with receivables services than their regional peers, according to East & Partners research.
Taiwanese treasurers expressed generally higher levels of treasury product satisfaction than their relative regional peers – notably with e-banking services – according to East & Partners research.
South Korean CFOs and treasurers expressed high levels of dissatisfaction with short-term debt services relative to their regional peers, according to East & Partners research.