MARKET INFRASTRUCTURE

Market Infrastructure

MAS Official Warns of Financial Sector Job Losses in H2

By Editors | 13/08/2020

Supporting the local workforce in the financial sector during the crisis is a priority for MAS, according to deputy managing director Jacqueline Loh.

Market Infrastructure

RBNZ Announces Expansion of Large-Scale Asset Purchases

By Editors | 12/08/2020

The RBNZ has expanded its quantitative easing programme to NZ$100bn and signalled a willingness to enter negative OCR territory, in response to Covid-19 related uncertainty.

Market Infrastructure

StanChart to Move Core Systems to Cloud in 3 Years

By Editors | 12/08/2020

Core banking and trading systems, and new digital ventures such as virtual banking and banking as-a-service, will be cloud-based by 2025 subject to regulatory approvals.

Market Infrastructure

PBOC Clearing Arm to Adopt Blockchain for Letters of Credit

By Lucy Zhang | 12/08/2020

The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.

Securities / Derivatives

China to Deepen Financial Sector Opening-up Despite Worsening US Ties

By Editors | 12/08/2020

PBOC governor Yi Gang says China will continue to open up its financial sector in line with the phase one trade deal signed with the US in January.

Securities / Derivatives

IOSCO Outlines Key Elements of Effective Market Making Programmes

By Editors | 11/08/2020

The key elements may help promote the provision of liquidity, strengthen investor confidence, and foster fair and efficient markets, IOSCO says.

Fintech / Regtech

Livi Bank Announces Launch of Virtual Banking Services

By Manesh Samtani | 11/08/2020

Livi Bank, backed by BOCHK, JD Digits and Jardine Matheson, has become the fourth virtual bank to open to the public in Hong Kong.

Market Infrastructure

Opening the Zengin System Could Reshape Japan’s Payments Landscape

By Ryoji Kashiwagi | 11/08/2020

Nomura Research Institute’s Ryoji Kashiwagi discusses competition concerns raised by Japan’s Fair Trade Commission, and their implications for the country’s payments landscape.

Capital / Liquidity

BSP Expects Sound Borrower Assessments, Forbearance Reporting

By Editors | 10/08/2020

Requirements to report forbearance granted to borrowers will ensure industry statistics reflect the “true health of the banking system” and incentivise prudence in banks’ credit decisions.