Markets & Infrastructure

Capital Adequacy

Japan’s Amended Banking Act to Have Limited Impact: Fitch

By Ranamita Chakraborty | 30/06/2021

The amendment is expected to contribute only marginally to addressing Japanese banks’ structural profitability challenges, Fitch Ratings says.

Structural Regulation

CSRC Approves DBS Stake in Shenzhen Rural Commercial Bank

By Sanday Chongo Kabange | 30/06/2021

DBS will become the largest shareholder of Shenzhen Rural Commercial Bank, paving the way for its expansion in the GBA.

Structural Regulation

Singapore to Continue Electronic Dissemination of Offer Documents

By Editors | 29/06/2021

The extension of the temporary measure will allow rights issues and take-over or merger transactions to proceed within prevailing safe management measures.

Structural Regulation

Philippine SEC Threatens Online Lenders with Licence Revocation

By Sanday Chongo Kabange | 29/06/2021

The threat is aimed at lending and financing companies that have failed to register and disclose their online lending platforms.

Payments & Settlements

Bangladesh Bank to Provide Escrow for E-commerce Payments

By Ranamita Chakraborty | 29/06/2021

Advance payments will be deposited with the central bank or other payment gateways until products bought online reach customers.

CBDCs

MAS Launches Global Challenge for Retail CBDC Solutions

By Editors | 29/06/2021

Fintechs, financial institutions and solution providers from around the world are invited to submit innovative solutions that can address 12 problem statements.

Payments & Settlements

Chinese Regulators Instruct Banks to Reduce Interbank Payment Fees

By Sanday Chongo Kabange | 29/06/2021

Banks have a one-month transition period to implement the fee reduction measures, which focus on intra-city and inter-bank withdrawals from ATMs.

Payments & Settlements

SWIFT’s Enhanced Platform Endorsed by Six Global Banks

By Editors | 29/06/2021

Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.

Clearing & Post-Trade

HKEX Names Firms Piloting New Stock Connect Settlement Platform

By Sanday Chongo Kabange | 28/06/2021

BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.