Alibaba and other private companies in China will be allowed to establish personal ratings system; The Reserve Bank of India extends Liquidity Coverage Ratio deadlines; and the Financial Accounting Standards Board ...
The last remaining Asian jurisdictions agreed in substance to comply with US FATCA, last week. Corporates should analyse entities in group companies for FATCA status.
The People's Bank of China issued a consultation paper on its deposit insurance scheme; Macau, Cambodia, and the Philippines will be treated as FATCA compliant, sign new IGAs; Australia will delay its Real Time Gross ...
China and Russia sign a slew of finance and trade deals, including a Rmb150 bln swap agreement; The HKMA courts Thai renminbi business with special promotions for the Chinese currency; China's Ministry of Finance ...
China's State Administration of Foreign Exchange (SAFE) has replaced or eliminated a total of 34 foreign exchange documentary rules; Hong Kong announced several initiatives to position itself as a renminbi trading ...
The People's Bank of China launches RMB/EUR trading; the Hong Kong financial system weathers protests; and the Reserve Bank of India consults on new regulatory philosophy.
ASEAN institutions have introduced several new facilities that increase access to inter-regional funding with the region; The Reserve Bank of India has added payment verification processes for credit cards; and China ...
As China signs onto an intergovernmental agreement to comply with US FATCA regulations, questions remain about formats and deadlines, but its reach is inescapable.
Singapore's MAS pushes renminbi liquidity measures and cooperation with China's PBOC; The Philippine' senate has approved a bill allowing 60% foreign bank ownership; Vietnam's central bank proposes fees for cash ...