Custody & Clearing
Why Singapore is well-equipped to facilitate RMB trading
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.
Taiwan ranks 7th in RMB payments by value
With its jump from 57th place in 2011, could Taiwan be the next offshore RMB clearing centre?
China, Taiwan prepare for cross-Strait currency clearing
China and Taiwan has paved the way for the establishment of a cross-Strait currency clearing mechanism by signing a memorandum on currency clearing.
S. Korea to check on HSBC, StanChart over money laundering
Spot checks will be carried out on South Korean Standard Chartered and HSBC Holdings over money laundering allegations.
One day check clearing in the Philippines probable
The Philippine central bank said a bill will be filed in the country’s Congress to reduce the clearing time for checks to just one day.
Thai banks wary of high fund cost
Thailand's banks identified the mobilisation of funds to meet loan demand while keping fund cost as low as possible as one of its challenges.
Bank of Taiwan braces for clearing bank role
Bank of Taiwan is working to get the central bank's permission to become a clearing bank under the cross-strait currency clearing system.
Asia to face regulatory scrutiny in payments
Increased pricing pressure, cost complexities, and western regulatory initiatives may have custodians worried.
Indonesia, Thailand and Pakistan join money laundering blacklist
The FATF added Pakistan, Indonesia, and Thailand along with Ghana and Tanzania to its blacklist.
Will OTC derivatives clearing in Asia mirror the US and EU model?
Standard Chartered’s Giles Elliot says it will surely have a big impact in the market, though not all players can afford the capital charges for...
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