Beware political risk on RMB; India promotes fintech innovation; Malaysia releases fresh guidelines for anti-money laundering; Thai central bank throws weight behind ESG
DB boosts its Asia transaction banking business in Asia against a backdrop of major job cuts for the German lender. However, it has some way to go to build market share and reputation.
HKMA to get new chief; PBoC rolls out draft rules for financial firms; HK business collective proposes four point resolution to end political impasse; RBI vows to enhance public engagement in new vision document
The concept of central bank digital currencies are gaining ground, with the recent unveiling of plans by a Facebook-backed collective sending regulators scrambling to erect an alternative that has official legitimacy
China’s Belt and Road will cut transport times and costs but countries along the trade routes would need to develop better safeguards to address the debt sustainability risks stemming from the project, according to the World Bank.