Trade uncertainty has been cited as a major risk that could slow economic growth, as currency volatility continues across Apac, with the Taiwanese dollar surging.
Although sections of the market seek an extension to the date for phasing out Libor, treasury officials, bankers and lawyers say they are working under the assumption there won’t be any delays.
Bangko Sentral ng Pilipinas (BSP) is instituting reforms to make its private banking sector more responsive to central rate cuts; China's Insurance Regulatory Commission (CIRC) has liberalised its pricing system for life insurance products; and the Reserve Bank of India (RBI) proposes differential deposit premiums.
The People's Bank of China cut the renminbi benchmark lending and deposit rates, while further liberalising market limits; The State Bank of Vietnam’s raised the USD/VND exchange rate; India's new electronic Know Your Customer system will soon be ready for corporates.
May 13, 2015
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RBS executives in Asia plan to encourage non-core transaction banking clients to transition to HSBC as part of its broader exit from the market, CT has learnt.
China’s capital account creaks open further in the Shanghai FTZ; India warns of dodgy export advanced payments; Singapore outlines securities-based crowd funding strategy
The People’s Bank of China cut the one year deposit lending rates and upper interest limits allowed to be offered on deposits above the benchmark rate; Bank Indonesia issued policies designed to support the government’s fuel subsidiary reform; PBOC designates Australian RMB clearing bank.
Chris Archibold, international director at Jones Lang LaSalle and head of the office agency team, offers advice on Singapore's commercial real estate trends and what CFO’s considering a move in the Lion city need to know.