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Capital / Liquidity
PBOC Issues Draft Regulations for Financial Infrastructures
17/12/2022
The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
Crypto / Digital Assets
Ant Group Embeds e-CNY Processing in Alipay Digital Wallet
17/12/2022
The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.
Hong Kong Names Julia Leung as New SFC Chief
16/12/2022
Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.
AML / KYC
Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023
16/12/2022
More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.
Securities / Derivatives
China Asks Banks to Absorb Selling Pressure in Bond Markets
16/12/2022
Banks are asked to absorb selling pressure caused by retail investors withdrawing funds from wealth management products and bond funds.
Securities / Derivatives
Stress Eases in Chinese Offshore Debt Market – Reports
15/12/2022
Chinese offshore dollar bonds have ended 14 months of losses. China’s banks have vowed to extend at least USD 179 billion of financing help to developers.
Capital / Liquidity
FSB to Revise Recommendations on Fund Liquidity Management
15/12/2022
Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.
Capital / Liquidity
RBA’s Term Funding Facility Didn’t Boost SME Lending as Intended
15/12/2022
Researchers said the TFF did not directly increase business lending, but it did reduce banks’ funding costs and led to lower interest rates throughout the economy.
Capital / Liquidity
Global Banking System More Resilient After Basel Reforms: BCBS
15/12/2022
Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.
MAS Proposes to Revise Fair Dealing Guidelines
15/12/2022
MAS proposes to widen the Guidelines to explicitly include all FIs and the corresponding products and services that they offer to their customers.
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