Foreign Exchange
South Korean banks' forex turnover hits decade-high at $55.51b in 2018
South Korean banks' forex turnover hits decade-high at $55.51b in 2018
Strong capital inflow boosted yearly figures.
Taiwanese banks' yuan deposits shrinks to 4-year low in December
This represents the third straight month of decline.
Korea slaps $600,000 fine on 4 global banks over forex rigging
JP Morgan Chase faced the highest penalty of $223,000.
Singapore leads innovation in Asia's forex sector with distributed ledger and eFX
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
Their low dollar balance sheet cushions the blow.
UBS to launch eFX engine in Singapore by Q2 2019
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
Individuals can soon change renminbi into peso and vice versa.
RCBC rolls out online FX trading facility
It’s said to be the first such platform in the Philippines.
Can Indonesian banks survive the severe local currency depreciation?
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
The move comes amidst tighter anti-money laundering rules in the region.
Indian banks team up in blockchain-powered trade finance network
The collaboration will leverage on Infosys Finacle’s technology.
Hong Kong to link central bank system with Japan for faster cross-border transactions
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
UOB adds forex solutions in China to support trade finance needs
One of the solutions enables direct RMB and Thai baht trade.
UOB rolls out new app feature allowing forex services sans conversion fees
Mighty FX comes in a set of 10 foreign currency accounts.
How real-time trading rocks the Asian forex boat
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?
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
It has the largest USD loan exposure at 33%.
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