Amid reports of cyberattacks designed to hack the user end of a Swift software interface, CT checks where risk and accountability align for firms in the event of cyberfraud.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
China’s new payment system will bolster capital flows on and offshore, providing a foundation for capital account convertibility, according to a HSBC top Asia cash and payments banker.