US plans to curb tax inversions; Safe to conduct more intensive inspections on illegal FX transactions; Taiwan may include anti- tax evasion clauses; Indonesia spearheads financial liberalisation; and much more…
The deal between the two payments systems could improve corporates' ability to manage renminbi, their relationships with suppliers, and lower the cost of renminbi transactions, market experts claim.
Chongqing launches RMB programme with Singapore; Swift and CIPS to cooperate on cross-border interbank payment system; Singapore drops RTC tax rate to 8%; India and Sri Lanka sign $700m currency swap deal; SGE and ...
The HKMA has said that it will continue to integrate its gross settlement system with China’s settlement system CIPS, which will streamline payments and give treasurers access to RMB. But obstacles remain, and no ...
HKMA to integrate RMB settlement system with CIPS* Australia and Japan sign currency swap deal* India futures market to deepen * China to build FTZ in Guangxi for trade relationship with Asean * China simplifies ...
Blockchain is widely touted as a tool that will save banks billions, but savings on payments and settlements will give treasurers leverage to demand cost cuts.
The People's Bank of China (PBOC) reportedly drafts rules for 'Tobin tax' on FX transactions; South Korea’s FSC announces plans for corporate restructuring; The PBOC considers allowing banks to swap debt for equity; ...
RBI has granted approval to Swift India to private messaging services for domestic banks in India; China and Singapore continue talks on FTA this year; RBI publishes its KYC rules; MAS reviews structuring of credit ...
China to push for corporate direct financing * RBI eases requirements for banks to turn loans into staes * Korea FSC eases corporate listing rules * KRX looks to enable share trading through blockchain * And much ...