Hong Kong finally plays catch up with India and China by issuing virtual bank licences. For corporate treasuries, the presence of virtual competition is set to be a boon
US enforcement action this year resulted in a $280m settlement and provides a textbook case in everything your compliance officer needs to know about anti-bribery programmes.
Notional cash pooling avoids the physical transfer of foreign exchange, reducing FX risk. The US tech manufacturer's Yvione Zhou explains how it works in Asia.
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.
The heir to the throne of Samsung Group has been charged with bribery and embezzlement. Let’s pause to remember that treasurers and CFOs must have the conviction to stand up to any illicit financial behaviour.