The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.
July 13, 2022Domestic payments institutions can use the cross-border CNY settlement services of banks for e-commerce and 'new models' of foreign trade.
June 23, 2022The capital standard for banks’ equity investments in funds is expected to come into operation in Hong Kong on 1 July 2022.
April 27, 2022The UKSDEA promotes free flows of data between the UK and Singapore including in financial services. Both countries will work towards recognising each other's digital identity systems.
March 2, 2022Sanctions are being imposed against Russian state-owned banks, officials, oligarchs, and new debt issued by the central bank, sovereign wealth fund or government.
February 23, 2022The sanctions come after Russian President Vladimir Putin signed a decree recognising two regions in eastern Ukraine as independent.
February 22, 2022A new notice encouraging banks to support the development of new models of international trade comes just as RCEP took effect on 1 January 2022.
January 5, 2022Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.
October 31, 2021The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.
September 15, 2021The law states that Hainan will implement a "minimalist" investment approval system and create an "open, transparent, and predictable investment environment".
June 16, 2021