Pacific Andes, once the world's biggest fish filleter, suspected by New York bankruptcy trustee of using cash raised to buy fish to fund $800 million takeover. The group denies the claim.
China puts outbound trade payments under the microscope in bid to tackle illegal foreign exchange transactions. For treasurers, it means more work to comply and big risks for those that fail to do so.
High scores in the banking regulator’s benchmarking exercise are vital if an IHB is to win approval to expand its range of services. CT spoke to an SOE treasurer on how the process works.
Almost nine in ten companies operating in China experienced some form of fraud in 2016, with one third naming senior/middle management as key perpetrators, according to a recent Kroll report.
Days left to respond to RBI's MNC FX derivatives plans; China to take hold of shadow banking OTC market: IFRS mulls financial statement changes... and more.
*Korea to allow securities firms to raise more funds for corporate financing
*ASX opens RMB-denominated securities clearing
*HKMA promotes bank liquidity with new ratio
*China outlines reserves rule for foreign bank FX trading
*GMFA objects to proposed Basel III revisions on cash pooling
*Singapore confirms steps against financial cybercrime