When Asian firms go West, their governance practices can be exposed to the harsh light of foreign regulation. A forensic accountant tells CT what you can do.
China squares up to bond villains; India allows foreign corporates to deal in commodity derivatives; MAS moves on enforcement; China, Singapore deepen fintech ties; Malaysia eases sukuk regulations.
Bike-sharing has taken China by storm, a fickle business that has yet to turn a profit, but the data it collects could be driving China’s e-payment platforms worldwide
Cybersecurity increasingly features in long-term planning to maintain supply chain resilience in the region, a new study reveals. Failure to do so could prove costly.
*Singapore and Korea team up on fintech
*CFTC proposal offers comfort to non-US entities
*Philippine SEC to regulate shadow banking lending rates
*FASB updates rules on intra-entity asset transfer
*China outlines debt-for-equity swap plan
*Hong Kong to set up financial enforcement teams
*Basel Committee reports progress in finalising global regulatory framework
*China opens interbank money market to foreign FIs
*OECD finalising BEPS multilateral instrument
*PBoC appoints RMB clearing banks in US, Russia
*China begins direct trading of RMB, Saudi riyal and UAE dirham
The exorbitant cost of living and rent in Hong Kong are a bane for corporates and employees, says Gordon French, APAC head of global banking and markets for HSBC.
*ADB study points to large trade finance gap in Asia
*PBoC unveils green finance vision
*Cambodia and China sign AML pact
*Sri Lanka gives land lease tax break to foreign firms
*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