MARKET INFRASTRUCTURE

Market Infrastructure

SWIFT Completes Latest gpi Trial with Singapore FAST

By Editors | 21/07/2019

All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.

Market Infrastructure

Hong Kong, China Framework Comparison – Conduct and Culture

By Prasanna Venkatesan | 18/07/2019

Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai compare China and Hong Kong’s regulatory frameworks in relation to culture and conduct.

Market Infrastructure

New Zealand FMA Assesses Financial Sector Cyber Resilience

By Editors | 18/07/2019

Market participants appear to be relying heavily on protective measures, while underinvesting in detection measures as part of their overall cyber-resilience, the FMA said.

Big Picture

Competitive Dynamics in Banking Intensify Across APAC: S&P Global

By Manesh Samtani | 18/07/2019

Indigenous virtual banks, global digital-only banks, and digitised traditional banks are all vying for market share, says a new report from S&P Global Ratings.

Capital / Liquidity

China Enhances Market Exit Mechanism for Failing Financial Institutions

By Editors | 18/07/2019

China currently lacks smooth market exit channels, reflected in insufficient supporting measures and high exit costs for financial institutions in distress, said an NDRC spokesperson.

Fintech / Regtech

Korea to Enhance Transparency of Digital Bank Evaluations

By Editors | 18/07/2019

The FSC has announced changes to the operational procedures of its evaluation committee for internet-only bank, amid plans to reopen applications for new licences on 10 October.

Market Infrastructure

APRA Set for Dramatic Overhaul in Response to Capability Review

By Editors | 18/07/2019

Among the review’s recommendations are proposed veto powers to prevent the appointment or reappointment of “inappropriate” directors and senior executives at regulated entities.

Capital / Liquidity

Singapore Can Withstand Severe Adverse Shocks: IMF

By Manesh Samtani | 17/07/2019

The IMF says Singapore’s financial system would continue to be resilient even under very adverse scenarios, but that foreign currency liquidity risk needs to be addressed.

Market Infrastructure

Singapore Bankers ‘Flooded’ With Inquiries from Hong Kong – Reports

By Editors | 16/07/2019

Following Hong Kong’s extradition bill protests, wealth managers and private banks have seen increased queries from clients looking to set up channels to move assets to Singapore.