Foreign Exchange

Standard Chartered to launch FX e-trading and pricing in Singapore
3 Jun 19
It will allow FX e-trading of over 130 currencies.
Too crowded bets on “7” for USDCNY could be dangerous
3 Jun 19
Chinese yuan has been under pressure in recent weeks due to the double dip in recent ecomomic data and more importantly, the escalating trade war...
Korea trials drive-thru banking in fintech sandbox
6 May 19
Woori Bank aims to make the service available in restaurants and car parks near the airports.
Singapore to dominate forex with sub-second speeds
25 Apr 19
MAS looks for ultra-fast platforms that could route currency trades in milliseconds.
Taiwanese banks' yuan deposits up to $42.34b in March
23 Apr 19
RMB deposits held by offshore banking units rose by $200m to $5.06b.
Japan boosts money laundering defences
25 Mar 19
MUFG Bank and Mizuho Bank will halt international cash remittances from June.
Citi to set up FX pricing and trading engine in Singapore
11 Mar 19
It will feature a proprietary pricing and hedging algorithm and offer 23 spot currencies.
South Korean banks' forex turnover hits decade-high at $55.51b in 2018
31 Jan 19
Strong capital inflow boosted yearly figures.
Taiwanese banks' yuan deposits shrinks to 4-year low in December
23 Jan 19
This represents the third straight month of decline.
Korea slaps $600,000 fine on 4 global banks over forex rigging
23 Jan 19
JP Morgan Chase faced the highest penalty of $223,000.
CIMB offers reimbursement scheme for foreign remittance
18 Jan 19
CIMB Preferred customers can get up to $24.31 per day.
Singapore leads innovation in Asia's forex sector with distributed ledger and eFX
1 Nov 18
It rolled out Project Ubin, a collaboration exploring blockchain for settlement of payments and securities.
Indonesia's big 4 banks hold firm against tumbling rupiah
24 Sep 18
Their low dollar balance sheet cushions the blow.
UBS to launch eFX engine in Singapore by Q2 2019
5 Sep 18
It is expected to improve the FX market’s transparency and efficiency.
Philippine banks tie up with Bank of China to launch peso-renminbi spot market
24 Jul 18
Individuals can soon change renminbi into peso and vice versa.
RCBC rolls out online FX trading facility
5 Jul 18
It’s said to be the first such platform in the Philippines.
Standard Chartered tapped for Alipay's blockchain cross-border remittance service
26 Jun 18
It will act as the settlement bank for AlipayHK and GCash.
RCBC to roll out blockchain remittance service in Japan
21 Jun 18
The move aims to cater to the overseas Filipino workers in the country.
Can Indonesian banks survive the severe local currency depreciation?
23 May 18
The Indonesian rupiah has plunged to a three-year low which might level strain on the banking system.
UOB reportedly halting foreign currency banknote supply in Taiwan
18 May 18
The move comes amidst tighter anti-money laundering rules in the region.
Indian banks team up in blockchain-powered trade finance network
17 May 18
The collaboration will leverage on Infosys Finacle’s technology.
Hong Kong to link central bank system with Japan for faster cross-border transactions
11 Apr 18
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
UOB adds forex solutions in China to support trade finance needs
14 Feb 18
One of the solutions enables direct RMB and Thai baht trade.
UOB rolls out new app feature allowing forex services sans conversion fees
29 Jan 18
Mighty FX comes in a set of 10 foreign currency accounts.
How real-time trading rocks the Asian forex boat
29 Jan 18
Bank Mandiri, Doha Bank, and UOB share their insights on how new platforms and technologies are changing the way they do forex.
How does China's underground bank crackdown impact Hong Kong's remittance services?
30 Mar 17
Faster outlflows to Hong Kong is expected as clampdown fears escalate.
DBS' profits to increase by up to 4% on the back of a stronger USD
24 Nov 16
It has the largest USD loan exposure at 33%.
Which Singapore bank will be hit the hardest by USD strength?
24 Nov 16
Its profits could decline by up to 1.7%.
Japanese banks and US$ liquidity: Squeezed between expensive deposits and the BoJ
22 Nov 16
For the last few years, Japanese banks have aggressively expanded their assets overseas, which has helped increased their stubbornly low...
Fintechs give banks a run for their money, leverage on cryptocurrencies to cut costs in FX remittances
5 Oct 16
Find out what UOB, Krungsri, RHB, and KBANK have to say.
Asian central banks brace for Brexit fallout as markets wobble
27 Jun 16
Regulators are prepared to inject additional liquidity.
South Korea overhauls capital control rules, tells banks to prepare for sudden outflows
16 Jun 16
Forex regulations will be eased.
FX markets moving from OTC to a more exchange-like market: Krungsri
27 Oct 15
Asian central banks are moving towards relaxation in FX control.
What role will banks play to expand the FX futures market?
20 Oct 15
FX Futures is another way to handle credit charge issue, says KBANK.
Trade reporting to authorities via Trade Repository is key to transparency in FX markets: Krungsri
13 Oct 15
And KBANK suggests moving towards a single trading platform.
KBANK, UOB, Krungsri, and OCBC reveal top threats in the forex sector
7 Oct 15
Decreasing liquidity, Asian integration and regulation are just some of them.
CNY depreciation feared to drag Hong Kong banks' profitability
15 Sep 15
NIMs will be badly affected.
RMB depreciation is near its end: PBoC Deputy Governor Yi
19 Aug 15
If we go by PBoC hints, though.
V-shaped recovery experienced by CNH bonds in 1H2015
14 Jul 15
They're likely to perform resiliently in 2015.
Non-residents hold CNY4.4 trillion worth of total RMB denominated assets
19 Jun 15
Up from CNY2.88 trillion in 2013.

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Foreign Exchange
Too crowded bets on “7” for USDCNY could be dangerous
BY Alicia Garcia Herrero

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Jul 18
ABF Wholesale Banking Awards 2019
Singapore
Jul 18
ABF Retail Banking Awards 2019
Singapore
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ABF Digital Payments Summit 2019
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