The US will be given the time it needs to settle its position before Basel III rules are finalised, a Deutsche Bundesbank official says. Meanwhile in Asia, the rules' effects are already being felt by CFOs.
The British engineering giant faces a huge bill over illicit payments to third parties in Asia and elsewhere. The case offers important lessons for CFOs in examining payments to third parties overseas.
Global body for securities regulators say local market participants may stop dealing with entities considered 'US persons' in swaps market as complex rules kick in. One treasurer says the shift has already begun.