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Market Infrastructure
The Case for a Central Lending Platform in Singapore
By Irene Liu | 20/08/2020
Not enough SMEs are taking advantage of government supported loan programmes, in part due to the onerous processes involved in accessing them, say PwC’s Irene Liu and Shierly Mondianti.
Market Infrastructure
MAS Becomes First Asian Government Entity to Issue RFR Debt
By Manesh Samtani | 19/08/2020
Singapore is seen to be leading Asia in its preparation for the cessation of LIBOR at the end-of 2021. Earlier this month, MAS announced new initiatives to catalyse SORA markets.
Big Picture
Asian Central Banks Fear Return of USD Funding Stress
By Editors | 19/08/2020
Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.
Market Infrastructure
India Planning Specialised Cyber Agency for Financial Sector
By Editors | 19/08/2020
The specialised agency was proposed in 2017 by then finance minister Arun Jaitley. On Saturday, Prime Minister Narendra Modi said India will soon have a new cyber security policy.
Market Infrastructure
China to Promote Cross-Border Use of Renminbi, says PBOC
By Editors | 19/08/2020
China will facilitate trade and investment using the renminbi, the PBOC said in its annual RMB Internationalization Report.
Market Infrastructure
Taiwan to Tighten Rules on Investments from Mainland China
By Editors | 19/08/2020
A draft amendment will expand the definition used to determine whether a Taiwanese firm is considered Chinese-owned or under the control of a Mainland company.
Market Infrastructure
RBI Issues Draft Framework on Recognition of Payments SROs
By Editors | 18/08/2020
Recognised self-regulatory organisations would be responsible for establishing minimum benchmarks and standards for the proper functioning of their member entities.
Market Infrastructure
RBI Allows Formation of New Umbrella Entities for Retail Payments
By Editors | 18/08/2020
The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.
Capital / Liquidity
Global Lockdowns Could Accelerate BCBS 239 Compliance
By John Berven | 17/08/2020
BCBS 239 implementation progress has veered off course at some banks as a result of the Covid-19 crisis, prompting a need for reassessment, says John Berven at Solidatus.
Capital / Liquidity
CBIRC Projects ¥3.4tr in Bad Loans for 2020, More in 2021
By Editors | 16/08/2020
CBIRC chairman Guo Shuqing says banks should prepare by replenishing capital, increasing provisioning, and improving risk management.
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