The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.
January 3, 2021Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.
December 7, 2020The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.
December 7, 2020The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.
December 7, 2020The new bonded copper contract is the sixth commodities contract traded in China that is open to foreign investors. The launch was approved by the CSRC last month.
November 24, 2020The $6mn in penalties against state-owned banks follows last week's unveiling of what will be China's first unified piece of national legislation on the protection of personal data.
October 23, 2020The SGFC is Singapore's first research institute dedicated to green finance research and talent development and is support by MAS and nine partner financial institutions.
October 14, 2020Under the rules, China’s G-SIBs must have loss-absorbing capacity amounting to at least 16 percent of risk-weighted assets starting from 1 January 2025.
October 1, 2020The LIBOR transition opens the door to a fundamental rethink of the use of data and technology, and how firms provide products and services to customers, says Bloomberg's Bing Li.
September 15, 2020Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.
September 3, 2020