Market Infrastructure

Market Infrastructure

Bangladesh Allows Banks to Maintain Nostro Accounts in CNY

By Editors | 19/09/2022

The move will reduce Bangladesh’s reliance on the US dollar in foreign trade transactions and save costs for businesses.

Market Infrastructure

Chinese State Banks Coordinate Cut in Deposit Rates

By Editors | 18/09/2022

The coordinated move suggests the PBOC may have directed lenders to lower their deposit rates, which reduces bank funding costs and enables more lending.

AML / KYC

US Unveils Comprehensive Plans for Regulating Digital Assets

By Manesh Samtani | 18/09/2022

Reports released by the White House, Treasury, Commerce and DOJ will help ensure a coordinated and comprehensive approach to digital assets policy.

Market Infrastructure

CBIRC Directed to Align With Communist Party Objectives

By Darien Choong | 17/09/2022

A CBIRC circular outlines the measures it will take to align with CCP objectives, following inspections on the regulator carried out last year.

Market Infrastructure

US Formalises Requirements for CFIUS Reviews to Assess Cyber, Data Risks

By Manesh Samtani | 16/09/2022

CFIUS will have to consider five new sets of national security concerns when reviewing foreign investments in the US.

Market Infrastructure

SBI to Facilitate Rupee Mechanism for Exports to Russia

By Editors | 16/09/2022

Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.

Crypto / Digital Assets

MAS Launches New Transformation Map for Financial Industry

By Editors | 16/09/2022

MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.

Market Infrastructure

Australia Details Issues Under Scrutiny in Central Bank Review

By Editors | 15/09/2022

The review will consider the RBA’s current board structure, governance, and decision-making effectiveness and transparency.

Market Infrastructure

BIS Explores How Central Banks View Cyber Threat Landscape

By Manesh Samtani | 15/09/2022

Central banks are prioritising investment in technical security control and resiliency, embracing risk management concepts, and adopting ‘zero-trust’ models.