Capital / Liquidity

PBOC Launches Bills Swap Facility for Perpetual Bonds

21/02/2019

The central bank bills swap will allow banks to temporarily exchange perpetual bonds for central bank bills for one year, at a rate of 0.25 percent.

Capital / Liquidity

Vietnam Central Bank to Slash Reserve Requirements for Some Lenders

20/02/2019

The central bank proposes to halve reserve requirements for banks that assist it in restructuring ailing credit institutions.

Market Infrastructure

HKMA, PBOC Collaborate on Cross Border Financial Services – Report

20/02/2019

As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.

Market Infrastructure

Nomura AM to Provide CLS Settlement to Japan-Based Funds

20/02/2019

Japan funds to have access to CLS Settlement through Nomura Asset Management in a move to enable PvP settlement and adopt best practices promoted by the FX Global Code.

Enforcement

China Freezes $1.5bn in Assets, Arrests 62 in P2P Purge

20/02/2019

Since last June, a crackdown on peer-to-peer lenders by China’s Ministry of Public Security, codenamed ‘Fox Hunt’, has yielded $1.5bn in seized assets and 62 arrests.

Bangladesh Bank Approval of Three New Banks Draws Criticism

20/02/2019

Bangladesh’s decision to approve three new banks has drawn criticism, given the rising nonperforming loans and declining governance standards in the banking sector.

Enforcement

ASIC Issues Update on Implementation of Hayne Recommendations

20/02/2019

ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.

RBI to Pay $3.9bn Interim Dividend to Government

19/02/2019

India’s central bank will pay a $3.9bn interim dividend to the government amid pressures to transfer its surplus reserves.

Securities / Derivatives

UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading

19/02/2019

Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.