China’s move to digitize its commodities trade with an ‘open platform’ has received a green light from the government. Expect more blockchain trade soon.
It’s not all doom despite the deleveraging, say currency experts. Early signs are there that central bank regulations to stem capital outflows are beginning to bear fruit.
New rules imposing capital floors are being keenly debated – especially among German, French and Japanese banks. The outcome could be critical for corporate treasurers in emerging markets.