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US financial institutions will be hardest hit by US regulatory change, but their counterparties and some end users – including corporates – are also likely to feel the impact.
According to Donald Trump, China is a prime currency manipulator. But a bank research note shows that this is not the case, by the standards of the US Treasury.
*Vietnam ready to start derivatives market
*Huawei enters China’s interbank FX market
*India to review guidelines for commodity hedging overseas
*Thailand to increase transparency for infrastructure funds
*CFETS announces list of participants allowed in interbank RMB trading
*China issues rules to clean up P2P lending
*MAS proposes National Payment Council
*RBI announces rules on group exposure framework
*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
Taiwan’s financial regulator has put on hold consideration of a proposal to empower banks to check borrowers’ derivatives transaction histories before offering credit.
*Safe regulates capital outflow for inter-bank bond investment
*Thailand plans reporting exemptions for foreign issuers
*CFTC adopts X-border approach for uncleared swaps
*Indonesia moves to full IFRS convergence
Safe eases FX restrictions; FASB proposes changes in restricted cash standards; PBoC expands X-border financing management nationwide; Korea offers tax incentives for R&D; China replaces business tax with VAT; US Fed ...
China suspends registry of all financial related companies; China to legislate credit law to crack down on defaults; CBRC asks banks to inspect bills of exchange; Taiwan ups ante on FX clearing; Japan FSA and CPAAOB ...