China gets tough on underperformers; China curbs private schools; Indonesia to launch blockchain platform; MAS finalises new regulatory framework for payment service
Close-out netting derivatives get an update; Singapore to ‘ring-fence’ e-wallet deposits; MAS KYC plan ‘in a coma’; China’s new AML/CFT laws aimed at online FIs
Non-deliverable forward contracts (NDFs) have been an important tool for managing emerging market currency exposures. CT explores how a new instrument in Indonesia could give new depth to the market
From China to Indonesia, Korea and Japan, 2018 will see a changing of the regulatory guard. Will it make a real difference or is it a case of plus ca change?
Experience might be the best teacher, but when it comes to new accounting standards everyone is in uncharted territory. CT asked Indonesia’s largest telco how it was managing the transition to IFRS15
*China outlines debt-for-equity swap plan
*Hong Kong to set up financial enforcement teams
*Basel Committee reports progress in finalising global regulatory framework
*RMB-KRW direct trade starts
*Hong Kong launches RMB indices
*China and Russia ink RMB clearing deal
*Singapore to include RMB in Official Foreign Reserves
Indonesian accounting bodies have reaffirmed their commitment to fully converge with international reporting standards, but a lack of qualified accountants in the country could pose problems.
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 ...
In an effort to reduce the costs of funding for firms to single-digit levels, Indonesia will use a new policy rate framework to guide the country’s interest rates. It is not clear whether banks will expand credit in ...