BY NATASHA BRERETON-FUKUI AND SHIBANI MAHTANI
Myanmar has come a long way in revamping its financial system since the military gave up formal power two and a half years ago. The country's new civilian leaders made its central bank independent last month and ushered in several other changes meant to smooth the way for more foreign investment. And over the past two weeks, the government has allowed foreign-exchange trading between local banks, according to state media, and appointed a new management team for the central bank.
But weighty questions remain as to how far the new government will go in forging a Western-style financial system. One ...