Singapore regulators to limit offshore RMB risk

Author: | Published: 6 May 2011

Lawyers in Singapore expect heightened scrutiny from risk-averse regulators as its offshore renminbi market develops.

Hogan Lovells’ corporate partner Stephanie Keen told IFLR that she anticipates the introduction of rigorous due diligence procedures, including stringent Know-your-customer, restrictions on net renminbi positions...