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Foreign exchange

Philippines SEC drafts FX reporting guidelines

PHILIPPINES - The Philippines' Securities and Exchange Commission (SEC) last week announced draft guidelines on the preparation of foreign currency-denominated financial statements for corporations in the country.

World Cup finals catastrophe-linked bond launched

Fédération Internationale de Football Association (Fifa), football’s world governing body, has launched a catastrophe-linked bond to protect itself against financial losses that would result if the 2006 World Cup finals were to be cancelled.

US Congress Basel II bill is put on hold, for now

Washington DC – The bill written by the House of Representatives' Financial Services Committee, which was designed to take control of the Basel II negotiation process away from US regulators and hand it to Congress, has been shelved for now, say…

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