Asean central banks to improve settlement transparency
The central banks of Malaysia, Philippines, Singapore and Thailand will be the first within the Association of Southeast Asian Nations (Asean) to implement a set of principles aimed at improving the level of transparency for cross-border trade settlements.
The Asean Central Banks' Working Committee on Payment and Settlement Systems (WC-PSS) adopted today the principles for product transparency and disclosure on cross-border trade settlement, according to a statement from the Bank of Thailand.
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