The renminbi is now the world's fifth most popular international payment currency, and has the fourth placed Japanese yen in its sights. Financial policy reform and the introduction of new clearing centres have been crucial to this rise, but will the troubles the Chinese economy has experienced in the past few months derail its progress?
Latest articles from FX & Payments
The foreign exchange market currently finds itself under unprecedented scrutiny. Rocked by scandals over benchmark practices and investigations into the legitimacy of certain trading practices, is the asset class doing enough to get itself back on the straight and narrow?
The explosion in payment choices in recent years has left consumers confused as banks struggle to keep up with the latest innovations. This has made the role of the merchant acquirer more important than ever, as Jane Cooper discovers.
Frank Abagnale's story of cheque forger-turned-good guy is well documented in print and on film. His career has seen him work in partnership with 41st Parameter CEO and founder Ori Eisen. They tell Jane Cooper about their work to stay one step ahead of the cyber criminals.
With the larger foreign exchange prime brokerage houses restructuring and new entrants offering new types of services, Frances Faulds asks whether regulatory changes have contributed to the demise of the industry or simply to its reinvention.
The Chinese government and the People’s Bank of China are yet to disclose the formal details concerning China’s International Payment Platform, but there is little doubt that the new system will fundamentally change the renminbi clearing market as well as the future of offshore renminbi hubs.
Global Risk Regulator
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