Custody & Clearing

Why RMB globalization is still a long way off

Efforts to globalize the renminbi (RMB) reached a milestone when the currency joined the league of the most-traded currencies for the first time.

Will Qianhai jeopardize Hong Kong’s position?

In mid-2012, the China’s State Council approved the development of the Qian­hai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.

Singapore, Japan establish cross-border collateral deal

To enhance financial stability in Singapore.

CIPS to debut in Shanghai in 2014

3Part of campaign to internationalize the RMB.

Hong Kong's dominant role to remain in RMB trading

Given that RMB is fungible offshore, the emergence of new offshore centres simply expands the existing regime instead of creating competing systems...

Taiwan becoming a local hub for RMB settlement and trading

Two days before the Singapore's announcement, financial institutions in Taiwan formally launched their RMB business after signing currency clearing...

Does mandatory margining of non-cleared swaps make sense for Asia?

The Asian banking community is anxiously following the debate around the BCBS/IOSCO proposed mandatory margining of non-cleared swaps that began...

Why Singapore is well-equipped to facilitate RMB trading

On 8 February, the People's Bank of China announced that the Industrial and Commercial Bank of China (Singapore) will become the RMB clearing bank in...

RBS appoints Joseph Braitsch as head of futures and options for AsiaPac

He will also head the Electronic Futures Execution team.

BOC to serve as renminbi clearing bank in Taiwan

The Taipei branch of Bank of China will serve as a clearing bank for renminbi transactions in Taiwan.

Standard Chartered appoints Alan Naughton as global product head for investors & intermediaries

And Andrew Hempshall is global head of solution delivery & service, investors & intermediaries.

JP Morgan launches direct custody & clearing platform in Hong Kong

Michael Drumgoole was appointed as Asia Pacific head of the business.

Malaysia's CIMB launches money transfer service to 5 Asian countries

CIMB launched its international money transfer service, SpeedSend, to Myanmar, Vietnam, India, Bangladesh and Nepal.

Bangkok Bank wants broader use of Yuan as settlement currency

Bangkok Bank is awaiting once China's central bank approval to allow yuna to be used as a settlement currency.

Singapore expects getting yuan-clearing bank soon

Singapore moved a step closer to getting a yuan-clearing bank after issuing full banking licences to two Chinese lenders.