Market Infrastructure

Market Infrastructure

BSP, OJK Sign MoU on Financial System Development

By Sanday Chongo Kabange | 07/09/2020

As part of the MoU, the BSP and OJK have reportedly lined up talks in the areas of supervisory frameworks, consumer protection, financial inclusion, fintech and capacity building.

Capital / Liquidity

State Council Approves Rules for Financial Holding Companies

By Manesh Samtani | 07/09/2020

Based on last year’s consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.

Market Infrastructure

China to Expand Stock Connect, Deepen Reforms – Reports

By Editors | 07/09/2020

The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.

Market Infrastructure

DBS Launches SORA Business Property Mortgage Loan Package

By Editors | 06/09/2020

The package is tailored to allow SMEs to finance or refinance their commercial and industrial properties at more competitive rates.

Market Infrastructure

Green Finance Alliance for Greater Bay Area Launches

By Editors | 06/09/2020

The Alliance has been established to increase funding channels for green projects and guide government policies and investment projects.

Market Infrastructure

CBIRC Issues Action Plan to Enhance Governance at Banks, Insurers

By Editors | 06/09/2020

The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.

AML / KYC

BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft

By Sanday Chongo Kabange | 05/09/2020

Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.

Market Infrastructure

China Issues Draft Rules Easing Foreign Access to Bond Market

By Editors | 04/09/2020

The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.

Market Infrastructure

UOB Issues First Dual Tranche SORA-SOFR Loan for CapitaLand

By Manesh Samtani | 04/09/2020

UOB and CapitaLand aim to enhance market confidence in adopting SORA and help accelerate the transition away from SOR, in line with MAS objectives.