June 22, 2015
Treasury Management International Highlights Renminbi Ascending
The steady emergence of the Renminbi (RMB) as an international currency holds the prospect of a range of potential benefits for global investors and economies. But to achieve those benefits, stronger transatlantic and transpacific vigilance is required, along with deeper public and private sector cooperation, according to a white paper on RMB internationalisation.
The paper - entitled “Renminbi Ascending: How China’s Currency Impacts Global Markets, Foreign Policy and Transatlantic Financial Regulation” was developed by Atlantic Council’s C. Boyden Gray Fellow on Global Finance and Growth, Chris Brummer, and sponsored jointly by the City of London Corporation, Standard Chartered and Thomson Reuters.