FATF releases report on HK anti money laundering framework effectiveness; India central bank directs banks to refer to external benchmarks; MAS kicks off digital bank application process; MAS puts together committee to drive benchmark rate transition
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
Currency volatility is a now a part of the Indian firmament, requiring skillful risk management policies. However, one unexpected consequence is a rise in shared treasury services.
Aug 28, 2018
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India’s central bank increased the repo rate for the second time in two months, but the potential for a slowdown means these rate increases could also be reversed.
Regulators are placing increasing importance on codes of conduct. While compliance might not be strictly essential, your licence to trade could hinge on it in future.
Corporates facing bankruptcy in India will get a second chance before landing in insolvency court after RBI approves ‘provisional ratings’ based on restructure agreements.
The central bank seeks to establish a list of commodities that can be hedged by all companies with direct exposure. In step, it also plans to allow greater FX hedging activity.
India's central bank follows up an initiative to develop financial markets by simplifying how non-resident companies with less than $ 30 million of exposure do their hedging.