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Close-out netting derivatives get an update; Singapore to ‘ring-fence’ e-wallet deposits; MAS KYC plan ‘in a coma’; China’s new AML/CFT laws aimed at online FIs
From China to Indonesia, Korea and Japan, 2018 will see a changing of the regulatory guard. Will it make a real difference or is it a case of plus ca change?
Experience might be the best teacher, but when it comes to new accounting standards everyone is in uncharted territory. CT asked Indonesia’s largest telco how it was managing the transition to IFRS15
Banking integration is widely seen as an obstacle to a truly united Asean economic community, but Indonesia, Malaysia and the Philippines have made progress on the issue.
Vietnam Bank for Agriculture and Rural Development has signed up for Swift’s Know Your Customer (KYC) Registry. Similar initiatives could help treasurers get onboarded with banks faster.
Nobuo Mori, managing director of AlixPartners’ financial advisory services group, gives his input on common transfer pricing issues in Asia-Pacific and how to avoid being entangled with the tax bureau.
Asian-based companies are apparently lacking the wherewithal to fight corruption and India, Indonesia and China are suffering most for it in the fraud league tables.