Market Infrastructure

Fintech / Regtech

Indonesia, Malaysia Expand Cross-Border QR Payment Link

By Editors | 08/05/2023

The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.

Capital / Liquidity

Hong Kong Financial System Remains Resilient: IMF Staff

By Editors | 07/05/2023

IMF staff said credit risk will “likely continue to materialise”, and banks should properly recognise and provision for credit losses, including those from Mainland property exposures.

Market Infrastructure

Regulators Announce 15 May Launch Date for Swap Connect

By Editors | 06/05/2023

Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.

Market Infrastructure

India Asks State Lenders to Bring Overseas Business to GIFT City

By Editors | 05/05/2023

India’s government has asked public sector banks to explore consolidating the business they conduct through overseas branches to GIFT City.

AML / KYC

Chinese Firms Block Overseas Access to Corporate Data – Reports

By Editors | 05/05/2023

Wind Information Co has cut off access to databases containing information about companies’ shareholders, ultimate controllers, affiliates, and other data.

Market Infrastructure

PNGX Set to Adopt New Listing Rules, T+2 Settlement Cycle

By Sanday Chongo Kabange | 04/05/2023

The new listing rules will take effect in July, at the same time PNGX moves from a T+3 to T+2 settlement cycle.

Capital / Liquidity

PacWest Bancorp Exploring Potential Capital Raise or Sale – Reports

By Manesh Samtani | 04/05/2023

There is concern that PacWest might be the next bank to fail, though it is smaller than SVB and First Republic and has 75 percent of its deposits insured.

Capital / Liquidity

ASEAN+3 Ministers Work to Bolster Regional Safety Net

By Editors | 04/05/2023

CMIM guidelines were updated to allow members to provide liquidity support in their own domestic currency and the local currencies of other members.

Capital / Liquidity

ESMA Follows Through with De-recognition of Indian CCPs

By Manesh Samtani | 03/05/2023

So far Indian markets have not faced disruptions. This is attributed to the concessions provided by French and German regulators.