Market Infrastructure

Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.

The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.

Global association CCP12 says in a new paper that a ‘one-size-fits all’ approach to CCPs is inappropriate, and it is critical to recognise jurisdictional differences.

'Chinese walls' at financial firms will be set up around 'information units' rather than 'business units'. Firms can entrust a broader range of business to third parties and IT firms.

The PBOC has reportedly established an independent entity to manage the deposit insurance fund, which was set up in 2015 and has so far accumulated 100 billion yuan.

Trading members have been given one more month to develop processes that allow them to choose to clear and settle trades in other clearing corporations.

The US Treasury's monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

The minimum deposit requirements will be abolished for professional investors and eased for retail investors. The minimum 20-hour compulsory training requirement will be reduced.

The SFC highlighted insufficient validation of credit rating models, inconsistencies between models and methodology, and inadequate validation of third-party models.

PBOC governor Yi Gang has suggested discontinuing benchmark lending rate announcements to study the resulting loan rate trends, as a possible step towards market-based rates.