Vietnam is implementing a plan to improve and increase non-cash payments by 2020, which will make clearing and settlements, electronic payments, FX inter-bank markets more efficient, treasurers argue.
As Donald Trump looks to pull out of the Trans-Pacific Partnership, the remaining nations have three options available to them to salvage the situation. Either way, access to trade finance will continue to suffer.
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.
The regulator wants to set the bar higher for financial reporting and internal controls. But its proposal is identical to one it put out six months ago, confusing observers.
*China outlines debt-for-equity swap plan
*Hong Kong to set up financial enforcement teams
*Basel Committee reports progress in finalising global regulatory framework
*Chongqing and Singapore to seal deals worth $1.6 bln under third X-border initiative
*Indonesia eyes CCP establishment for derivatives by 2018
*China eases FTZ investment rules
*Malaysia establishes fintech group
*Singapore builds "sandbox" for fintech
*UK warns on burdens to fintech companies
*Europe wants hands off on blockchain
While school’s out for the summer for most of Southeast Asia, Thailand’s SEC wants companies to disclose CFOs’ education and work experience to ensure they are up to speed with the latest financial developments.