CT reveals how banks in Asia are performing in the areas of tax and regulatory advisory, foreign exchange, interest rates, securities services, and technology.
China eyes internet finance as new saviour; Japan stresses importance of unilateral OTC standards; DBS-Danamon merger highlights regulatory barriers in Indonesia.
Starting September 1, China’s authorities on FX and taxation will roll out a new record-filing system to simplify tax compliance for outbound remittances.
China has eased the tax and regulatory burden for FX remittances made offshore; Bank Indonesia embroiled in bizarre toilet trading oddity; India shifts monetary policy to save rupee
Jul 30, 2013
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The US has kicked the deadline to hit FATCA regulations down the road; Burma has promised more central bank autonomy by splitting its ties with the finance ministry; the Reserve Bank of India fiddles again with FX hedging regulations.
Scandal-hit Libor sold for $1.50 to NYSE Euronext; China announces 10 key financial policy measures: India bans banks from prop trading on currency derivatives.
China attempts to calm markets over bank liquidity fears; Korea launches new "reg-lite" stock market for SMEs; Vietnam lowers deposit ceiling to spur bank lending.
China publishes new draft IPO rules; South Korea in the hunt for tax evaders: Samsung Group executives targeted; Myanmar to launch its first FX market.