The application, under MAS’s asset tokenisation initiative, demonstrates blockchain’s potential in post trade, but much more work is ahead before a full rollout.
This month’s crash of the Russian and Argentine currencies may not be surprising but does point to wider issues for emerging economies and for treasurers offers an object lesson in handling volatility.
As global corporates face $22.5bn headwinds in currency impact, the Kyriba team advises corporate treasurers to rethink their risk management programmes.
Singapore and Hong Kong have emerged as the leading destinations for forex traders, ahead of other international financial centres, including London and New York.
The latest Kyriba report shows how the rising US dollar and war in Ukraine impacted corporate earnings in the first three months of the year through foreign exchange (FX) volatility.
The more complicated functions within risk management - namely hedging FX - have traditionally required deep relationships with bankers. But this is no longer the case, says one fintech bringing hedging to SMEs.
Keenly awaited by corporate treasurers, a central bank digital currency between Hong Kong and Thailand has taken a further step towards becoming a reality.