Payment news, March 23

Banks expand renminbi trade settlement capabilities and FRSGlobal launches new regulatory reporting partnership in Korea.

BoA Merrill adds renminbi settlement in 12 markets

Bank of America Merrill Lynch has added renminbi trade settlement capabilities in 12 Asian markets, joining many of its peers who launched similar services last year. In a statement, the bank said that by joining Hong Kong's renminbi CHATS real-time gross settlement system it can offer customers the service in Asean countries, Hong Kong and Macau.

Pricing goods in renminbi creates transparency and reduces foreign exchange risk not only...

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CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...