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.