The Reserve Bank of India issued guidelines for its new receivables discounting system; Russia passes laws protecting in-country financial services, such as auditing; Thailand's issues new capital registration rules.
The last remaining Asian jurisdictions agreed in substance to comply with US FATCA, last week. Corporates should analyse entities in group companies for FATCA status.
China will institute a profit monitoring system designed to detect multinational tax evasion, after announcing a back tax penalty on an MNC. Treasurers need to wary of China profit margins.
The People's Bank of China issued a consultation paper on its deposit insurance scheme; Macau, Cambodia, and the Philippines will be treated as FATCA compliant, sign new IGAs; Australia will delay its Real Time Gross ...
The Reserve Bank of India is imposing capital and requirements and deposit restrictions on shadow banks; Bank Negara Malaysia signed an MOU with the People's Bank of China (PBOC) to implement renminbi clearing in ...
BI levels hedging requirements, foreign asset pledges, and minimum credit ratings on corporate foreign debt in Indonesia; HKMA implemented two new initiatives increasing RMB liquidity measures in the territory.