Payments & Settlements

Liquidity Risk

Certificates of Deposit Push Banks to Shift to New Norm

By Editors | 12/08/2015

The PBOC issued the Interim Measures for the Administration of Certificates of Deposit in June this year, an examination into the impact of the recent notice.

Payments & Settlements

PBOC Proposes Rules to Limit Internet Payments in China

By Editors | 05/08/2015

The draft rules will prevent users from transferring funds to other users’ bank accounts, cap the size of daily transactions and increase identification requirements.

Payments & Settlements

China to Allow Foreign Currency Settlement for Commodity Futures

By Editors | 04/08/2015

China will allow overseas investors to trade select domestic commodity futures using foreign currencies for settlement as it seeks greater influence over raw material prices.

Structural Regulation

Internet Finance Guidelines May Favour Traditional Chinese Banks

By Editors | 02/08/2015

China’s move to regulate internet finance, though seen to legitimise a sector that has largely operated in a vacuum, may also reflect the government’s support for traditional banks.

Structural Regulation

India Looks to Expedite New Bank Licenses

By Editors | 31/07/2015

The Reserve Bank of India has asked the Income Tax Department to expedite the collection of financial and tax history of almost 50 companies seeking licences to operate small finance and payment banks in India.

Payments & Settlements

Taiwan to Start Issuing Third-Party Payment Licenses in August

By Editors | 29/07/2015

Taiwan’s Financial Supervisory Commission plans to start issuing licenses for third-party payment services in August.

Clearing & Post-Trade

Australia Regulators Push to Allow Super Funds to Pledge Assets as Collateral

By Editors | 12/07/2015

The Australian Investments & Securities Commission is pushing to reform laws to allow super funds to pledge their assets as collateral, in a bid to help them reduce dealing costs associated with currency hedging.

Capital Adequacy

Indonesia Promotes New Tools to Attract Foreign Islamic Banks

By Editors | 08/07/2015

Indonesian regulators are promoting new sharia-compliant financial tools and considering easing foreign ownership limits for domestic Islamic banks.

Anti-Money Laundering

Bangladesh Faces Difficulties Maintaining Banking Relationships

By Editors | 06/07/2015

Banks in developed countries have terminated relationships with banks in Bangladesh, presenting difficulties for international trade and finance.