From China to Indonesia, Korea and Japan, 2018 will see a changing of the regulatory guard. Will it make a real difference or is it a case of plus ca change?
RBI to place ceiling on corporate borrowing; China joins multilateral treaty to share MNC tax info; BSP narrows interest rate corridor; Swift notifies another malware found at the user end; RBI allow FPOs to invest in unlisted securities; DTCC and KRX ink trade repository agreement; and much more…
In order to contain volatility and strong appreciation of its currency, Korea has decided to cut bank limits on FX positions. The impact could see corporates move towards the FX swap and cross-currency swap markets to source dollar funding.
Korea warns against “excessive strength” of the won, hinting a willingness to intervene. What strategies has the country adopted in the past and how effective have they been? CT asks the experts.