All posts tagged "foreign exchange"
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430Asia-PacificThailand Eases Capital Controls to Stem Currency’s Rise
Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.
November 8, 2019 -
263ChinaTrade Woes Prompt Easing of China’s Forex Rules
SAFE will ease controls on equity investment from non-investment foreign firms, among 12 measures to help draw overseas funds into the domestic market and facilitate cross-border trade.
October 29, 2019 -
455Asia-Pacific
BOT Solicits Comments on Draft ‘Thailand FX Code’
The BOT invites wholesale FX market participants to comment on a draft 'Thailand FX Code' by 25 November.
October 27, 2019 -
592AML / KYCJapan Banks Exit Forex Business Amid AML Cost Concerns
While smaller banks are exiting the foreign exchange business entirely, larger banks are raising counter service fees for overseas remittances.
October 17, 2019 -
639China
SAFE Approves Three Brokers for Interbank FX Trading
Citic Securities, Huatai Securities and China Merchants Securities are allowed to conduct interbank forex business both on a proprietary basis and on behalf of clients.
September 9, 2019 -
745ChinaShenzhen to Pilot Easier Rules on Foreign Exchange Transactions
To facilitate payments in foreign currencies, SAFE’s Shenzhen branch will move away from the approval-based system to shorten settlement to just minutes rather than hours.
August 30, 2019 -
460MalaysiaMalaysia Liberalises FX Hedging Framework
The policy move is aimed at providing greater flexibility and efficiency in foreign exchange risk management and business operations.
August 19, 2019 -
578ChinaCSRC Imposes Six-Month Business Restriction on GF Securities
The CSRC cited risk management and control deficiencies as reasons for the restrictions, after a hedge fund set up by the broker reported losses of $139mn for 2018.
August 9, 2019 -
477ChinaSHCH Issues Draft Guidance on Clearing Member Default Management
In the event of a default, Shanghai Clearing House can initiate rapid disposal of non-cash collateral, demand the disposal of a clearing member’s other assets, or perform a forced liquidation, among other measures.
August 9, 2019 -
606Big PictureSingapore Can Withstand Severe Adverse Shocks: IMF
The IMF says Singapore's financial system would continue to be resilient even under very adverse scenarios, but that foreign currency liquidity risk needs to be addressed.
July 17, 2019
