Securities / Derivatives

Daiwa Securities Completes Trade Matching POC Using DLT

21/02/2019

Japan’s Daiwa Securities Group has announced the completion of a proof of concept studying the effectiveness of using distributed ledger technology in trade matching processes.

Capital / Liquidity

India Infuses $6.8bn into 12 Public Sector Banks

21/02/2019

The Indian government has approved capital infusions into 12 public sector banks amounting to $6.8bn as part of its bank recapitalisation plan.

Fintech / Regtech

Japan to Allow Non-Banks to Handle Large Remittances

21/02/2019

In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.

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.