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Australia’s second-largest bank lost its CEO earlier today after a cross-border transaction service was alleged to have broken anti-money laundering rules.
A recent McKinsey report states slowing Chinese growth coupled with digital headwinds could see the bigger fishes eat the smaller fishes across the world of Asian banking.
Having just completed a bank guarantee via blockchain, the CFO of the company behind Australia's Westfield malls tells CT what’s needed to get the distributed ledger into the mainstream.
After his election as president of the United States, Donald Trump looks all but guaranteed to usher in a period of uncertainty. As 2017 dawns, CT weighs up the risks.
India's central bank proposes change to rules that force subsidiaries to settle their own hedging transactions, a move that would cut costs and improve efficiency for MNCs.
The Trans-Pacific Partnership is as unpopular among Democrats and Republicans as Wall Street, meaning it may not materialise.
*Chongqing and Singapore to seal deals worth $1.6 bln under third X-border initiative
*Indonesia eyes CCP establishment for derivatives by 2018
*China eases FTZ investment rules
*HKMA launches infrastructure financing unit
*Indonesia central bank to intervene in FX market
*Korea offers tax perks to reshoring companies
With the move, companies dealing in the Korean won are expected to see significant savings in transactional costs and lessened currency risks.
Asia-based corporate treasurers and CFOs have no need to hit the panic button about a potential British exit from the European Union, experts say.