Regulatory roundup: The PBoC relaxes capital account control by allowing onshore RMB conversion; China’s congress vote removes loan-to-deposit ratio requirement; RBI discloses D-SIB list, with additional common ...
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.
Indian banks given power to own defaulting companies; Bank Indonesia uses fines and foreign exchange regualtions to tackle declines in rupiah; Hong Kong banks are targeted for Anti-Money-Laundering violations
The People's Bank Of China implements the country's first national deposit insurance scheme; Canada will develop RMB clearing, asset classes, and risk management tools; The Shanghai International Energy Exchange ...
Hong Kong levels systemically important hammer; PBOC will continue RMB liberalisation apace; RBI scrutinises outsourced cash management for timeliness; Indonesia will open finance, communications, and transport to ...
China has further simplified outbound and inbound investment regulation in China; Alibaba has been "ordered" out of Taiwan for disguising Chinese ownership of its Taiwan entity; The Reserve Bank of India has ...
Reliance Industries, Aditya Birla Group, and Bharti Enterprises rushed to make a deadline to apply for bank licences in India; China's State Administration of Foreign Exchange has expanded pilots for cross-border ...
The China Banking Regulatory Commission (CBRC) issued draft rules intended to curb entrusted loans; Indonesia's legislature intends to continue to cap foreign banks, while seeking lower capital requirements in ...