Days left to respond to RBI's MNC FX derivatives plans; China to take hold of shadow banking OTC market: IFRS mulls financial statement changes... and more.
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.
*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
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.
*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