Toshiba’s reform of its audit committee came too late to save the firm’s reputation for fiscal probity. Other Japanese firms need to take note and avoid a similar fall from grace.
India's central bank proposes change to rules that force subsidiaries to settle their own hedging transactions, a move that would cut costs and improve efficiency for MNCs.
*Hong Kong launches fintech sandbox
*SFC designates CCPs for OTC derivative transactions
*PBoC to rule China’s bond market
*Korea opens world’s first Fintech Open Platform
*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
Financial organisations have voiced concerns about proposed changes to Basel III, including changing the way notional pooling is treated, and treasurers are rightly concerned.