Market Infrastructure

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.

Capital / Liquidity

APRA to Recommence Policy Work, Licensing Activity

By Editors | 10/08/2020

APRA will recommence public consultations on high-priority prudential policy reforms, and begin accepting new licence applications in September.

Market Infrastructure

Malaysia Works to Enable Real-time Cross-border Payments

By Editors | 10/08/2020

A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.

Market Infrastructure

Taiwan to Require IT Security Enhancements at Financial Firms

By Editors | 10/08/2020

The FSC will require big financial firms to be able to restore operations within four hours after a disaster (possibly less for securities firms), among other measures.