With the International Monetary Fund (IMF) announcement of the launch of the new Special Drawing Right (SDR) valuation basket including - for the first time - the Chinese Renminbi (RMB), we are pleased to present some comments on what this means from two FX / China experts: Rachael Hoey, Head of Asia at CLS and Dan Marcus, CEO…
Read moreIn her first interview since becoming head of FX settlement system CLS's Asia office in 2013, Rachael Hoey described talks with Chinese authorities as "constructive" and "positive" and said that the business CLS does in the region had grown significantly in that time. However Hoey told Reuters that actually integrating China's yuan with global settlement…
Read moreIn her first interview since becoming head of FX settlement system CLS's Asia office in 2013, Rachael Hoey described talks with Chinese authorities as "constructive" and "positive" and said that the business CLS does in the region had grown significantly in that time. However Hoey told Reuters that actually integrating China's yuan with global settlement…
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