All posts tagged "foreign exchange"
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583ChinaPBOC Instructs Yuan Fixing Banks to Suspend Counter-cyclical Factor
The counter-cyclical factor is the adjustment contributing banks make to the daily trade-weighted reference rate that the PBOC has to date used dampen depreciation pressure.
October 29, 2020 -
524China
PBOC Scraps Risk Reserve Requirement on FX Forwards
The risk reserve ratio previously made it more expensive to bet against the yuan by forcing FIs to set aside extra cash when buying FX forwards for clients.
October 13, 2020 -
1.3KFeatureFusion Bank Kicks Off Virtual Banking Soft Launch
Under the HKMA's sandbox, Fusion Bank will provide savings and time deposits, local fund transfers, payments, and become the first virtual bank to offer FX services.
October 6, 2020 -
574EnforcementIndia’s Enforcement Directorate Fines StanChart $13.6mn
Standard Chartered escrow accounts were used in 2007 to transfer shares in Tamilnad Mercantile Bank to overseas investors without the RBI's permission.
September 9, 2020 -
501ChinaCBIRC Approves First Foreign Owned Money Broker in China
Japan’s Ueda Yagi Tanshi’s application to establish a wholly-owned money broker in China has been approved.
September 8, 2020 -
1.5KAustralia & NZAustralia Senate Committee on Fintech, Regtech Publishes Interim Report
The committee has categorised the material presented under: Covid-19 issues, tax, regulation, access to capital, skills and talent, and culture.
September 4, 2020 -
742Australia & NZBrokers Push Back Against ASIC Proposal to Limit CFD Leverage
Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.
August 31, 2020 -
739Capital RegulationFSC Korea Extends Easier Liquidity Requirement for Banks
The lower liquidity coverage ratio was scheduled to end in September, but the FSC has decided to extend the relaxed requirements until end-March.
August 27, 2020 -
636Feature
FSC Korea to Rein in Structured Products Issuance
The FSC will impose new rules for securities firms on stress testing, liquidity management, leverage and mandatory FX hedging, among its measures to protect investors from risky products.
August 4, 2020 -
377AML / KYCChina Mulls Allowing Domestic PE Funds to Invest Overseas
The foreign exchange regulator will this year explore reforms to allow private equity investment funds to invest overseas.
August 4, 2020
