Hong Kong cracks down on fake trade invoices from China; PBoC/CBRC release bill financing rules; US adopts measures against tax evasion; PBoC permits broader access to interbank RMB bond market; FASB issues narrow-sco...
The HKMA has said that it will continue to integrate its gross settlement system with China’s settlement system CIPS, which will streamline payments and give treasurers access to RMB. But obstacles remain, and no ...
HKMA to integrate RMB settlement system with CIPS* Australia and Japan sign currency swap deal* India futures market to deepen * China to build FTZ in Guangxi for trade relationship with Asean * China simplifies ...
RBI has granted approval to Swift India to private messaging services for domestic banks in India; China and Singapore continue talks on FTA this year; RBI publishes its KYC rules; MAS reviews structuring of credit ...
The PBoC to change RRR requirements * SEBI plans curbing certain derivative’s volatility * Thailand may curb crowdfunding * The U.S. and Europe lifts some sanctions on Iran * HKMA announces CCyB * And more….
When “know your client” rules for correspondent banking went live, banks responded by exiting countries and products en-masse. New onboarding and database tools should help to reverse this worrying trend.