Poor FX risk management led to American companies losing an estimated $20 billion in the fourth quarter in 2018. Are you hedging your FX exposures in Asia correctly?
Taiwan’s financial regulator has put on hold consideration of a proposal to empower banks to check borrowers’ derivatives transaction histories before offering credit.
*RMB-KRW direct trade starts
*Hong Kong launches RMB indices
*China and Russia ink RMB clearing deal
*Singapore to include RMB in Official Foreign Reserves
China has given some conditional lifting to its suspension of net capital outflows from the cross-border renminbi cash pools in the country. But the criteria for firms eligible for the relaxation remain unclear.