All posts tagged "Cross Border"
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303Market InfrastructureUS SEC Proposes Amendments to Cross-Border Swaps Rules
The proposals address issues in applying security-based swaps rules in a cross-border context, and leave supervision of foreign trading practices and market structures to home supervisors.
May 14, 2019 -
472InternationalSWIFT Launches Payment Investigation, Resolution Capability
The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
May 3, 2019 -
323ChinaChina Allows Payment Firms to Offer Cross-Border Services
China's State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.
April 30, 2019 -
606ChinaBOCHK Launches Pilot Service for Mainland Account Opening
BOCHK has been granted regulatory approval to launch a pilot scheme that enables Hong Kong citizens to open a personal bank account in the mainland, remotely.
March 21, 2019 -
252China
China Liberalises Cross-border Capital Flows for Multinational Firms
The new regulations simplify the registration process for multinational firms borrowing from and lending overseas to make it easier for them to manage cross-border capital flows.
March 20, 2019 -
781ChinaHKMA, PBOC Collaborate on Cross Border Financial Services – Report
As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.
February 20, 2019 -
425China
China Eases Rules for Expat Stock Incentive Programmes
New rules from SAFE will allow foreign employees of China-listed companies to invest domestically using funds remitted into the country from overseas.
February 14, 2019 -
498AML / KYCChina Toughens Penalties for Underground Banks
Operators of underground banks engaging in illegal forex trading and cross border transfers will face up to 5 years imprisonment, more in the most serious cases.
February 12, 2019 -
629Asia-Pacific
All SWIFT Banks to Adopt gpi Payments by End-2020
Over half of SWIFT's cross border traffic now goes through as gpi payments, with full adoption by its 10,000 member banks expected by end-2020.
December 20, 2018 -
394EnforcementKorean Regulators Become Latest Signatories to IOSCO EMMoU
South Korea's FSC and FSS have jointly become the 10th member of IOSCO's EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.
December 7, 2018
