RED TAPE ROUNDUP: PBoC relaxes RMB trade settlement rules, SFC establishes risk unit, Myanmar looks to end currency peg
In this round up of recent regulatory news, the People’s Bank of China relaxes rules related to renminbi trade settlement, Hong Kong’s Securities and Futures Commission establishes a unit to monitor systemic risk, Myanmar seeks to end 35-years of having a pegged currency, the Reserve Bank of India looks to set capital ratios higher than Basel III and Japan launches investigation into advisory firms.
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