European banks are potentially being priced out of the notional pooling market due to International Financial Reporting Standards (IFRS) and Basel-III implementation.
With the US IRS making FATCA registration and GIIN data public, compliance consultants are building business intelligence databases that CFOs and treasurers might be interested in.
BHP Billiton and Cargill have shifted an entire bulk trade and payment transaction into a first time four-corner bank payment obligation with ANZ, Westpac, and an essDocs electronic bill of lading.
Deadlines for FATCA submissions on 2014 data have been pushed back in Singapore, while compliance experts say the complexity of intergovernmental agreements (IGAs) will cause broader delays across Asia.
Surveys show 74% of corporates with renminbi exposures cite CIPS delays as their most important regulatory concern, while others identify deregulation.
Bolero and essDOCS inked their first deals on India trade and bank payment obligations (BPO), breaking new ground for the normalisation of electronic trade documents.
After latest news on OECD’s transfer pricing transparency initiative, treasury consultants warn that compliance burdens will dump a ‘mess’ on Asian RTCs.