The application, under MAS’s asset tokenisation initiative, demonstrates blockchain’s potential in post trade, but much more work is ahead before a full rollout.
LCH is confident in Apac’s swaps and derivatives market, and has been working to localise its products. Having more local banks onboard is one of the approaches.
Visa-owned Currencycloud is working to expand its client base in China. In a discussion with CT, Rohit Narang, leader of the firm’s Cross-Border Solutions, highlighted the markets’ significant growth potential.
This month’s crash of the Russian and Argentine currencies may not be surprising but does point to wider issues for emerging economies and for treasurers offers an object lesson in handling volatility.
As global corporates face $22.5bn headwinds in currency impact, the Kyriba team advises corporate treasurers to rethink their risk management programmes.
The partnership will enable GTreasury’s network of more than 800 large corporate and enterprise clients to integrate with Convera’s payments platform, enabling access to global banking networks.
Singapore and Hong Kong have emerged as the leading destinations for forex traders, ahead of other international financial centres, including London and New York.
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