All posts tagged "FX"
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295ChinaChina Allows Expanded Use of Currency Hedging Tools
Financial institutions are allowed to offer American-style and Asian-style FX options, in addition to European-style FX options already allowed.
May 26, 2022 -
400Market InfrastructureLSEG to Launch New NDF Matching Venue in Singapore
The fully cleared NDF matching venue will be open for integration testing later this year, with a full production launch in mid-2023.
May 9, 2022 -
403Asia-PacificMyanmar Exempts Foreign Firms from FX Conversion Rule
An order requiring all foreign currency held in bank accounts to be converted into local currency will not apply to businesses in special economic zones and most other foreigners.
April 27, 2022 -
496Market InfrastructureBOT Encourages FIs to Adhere to FX Global Code
From 2025 onwards, adherence to the Code will become a prerequisite for the BOT’s foreign exchange counterparties.
February 8, 2022 -
590Australia & NZASIC, SFC Offer Guidance on FX Practices Following Joint Review
Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.
January 28, 2022 -
465PhilippinesBSP Allows More FIs to Engage in FX Transactions
The amendments allow Islamic banks and digital banks to engage in FX transactions and streamline licensing requirements for banks.
January 12, 2022 -
360KoreaKorea to Improve Foreign Access to Domestic Currency Market
The move is aimed at helping Korea win inclusion in the MSCI developed markets index. Currently, there is no offshore currency market for the won.
December 17, 2021 -
307ChinaPBOC, SAFE Issues New Rules for Panda Bond Issuance
The rules do not impose restrictions on funds retained in China or transferred overseas, though they encourage the domestic use of RMB funds raised.
December 17, 2021 -
294China
SAFE Issues Conduct Guidelines for Foreign Exchange Market
The guidelines require market participants to process customer transactions in a "fair, transparent and honest" manner and guard against conflicts of interest.
December 15, 2021 -
367Crypto / Digital AssetsBIS Concludes wCBDC Experiment with French, Swiss Central Banks
Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.
December 9, 2021
