The Reserve Bank of India has released futher guidelines around hedging, this time simplifying hedges under US$30 million in a move to improve access for SMEs.
The RBI amends rules to allow IBUs to offer various financial products. The changes mean companies won’t have to go abroad to access buyer credits, an expert says.
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.
Vast majority of finance professionals plan to upgrade treasury management products and services this year, a survey shows. For Asia, that points to more centralisation and standardised procedures in 2017.