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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 ...
China's State Administration of Foreign Exchange (SAFE) has replaced or eliminated a total of 34 foreign exchange documentary rules; Hong Kong announced several initiatives to position itself as a renminbi trading ...
ASEAN institutions have introduced several new facilities that increase access to inter-regional funding with the region; The Reserve Bank of India has added payment verification processes for credit cards; and China ...
The PBOC has issued a directive to banks releasing targeted industries from inclusion in Chinese banks' loan to deposit ratios:The Philippines has clarified its value added tax rebate process; and Taiwanese banks ...
Singapore's MAS pushes renminbi liquidity measures and cooperation with China's PBOC; The Philippine' senate has approved a bill allowing 60% foreign bank ownership; Vietnam's central bank proposes fees for cash ...
China will eliminate the requirement for ministry-level approval on foreign direct investment (FDI), as well as expand Value Added Tax reform; and the Philippines SEC hikes transaction fees.
Singapore and China agree to direct currency trading; Taiwan's central bank has made renminbi available on the country's real time gross settlement system