Custody & Clearing News - The Latest News, Headlines, Insight, Commentary & Analysis at Asian Banking & Finance

Custody & 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 with the publication of Margin Requirements for Non-Centrally Cleared Derivatives in July 2012 and has been followed up by a near final “Second Consultative Paper on Margin Requirements for Non-Centrally Cleared Derivatives”, published in February 2013.
8 years ago

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 with the publication of Margin Requirements for Non-Centrally Cleared Derivatives in July 2012 and has been followed up by a near final “Second Consultative Paper on Margin Requirements for Non-Centrally Cleared Derivatives”, published in February 2013.
8 years ago

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 Singapore.
8 years ago

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

He will also head the Electronic Futures Execution team.
8 years ago

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.
8 years ago

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

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

JP Morgan launches direct custody & clearing platform in Hong Kong

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

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.
8 years ago

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.
8 years ago

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.
8 years ago

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?
8 years ago

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.
8 years ago

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.
8 years ago

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.
8 years ago

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.
9 years ago

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.
9 years ago

Asia to face regulatory scrutiny in payments

Increased pricing pressure, cost complexities, and western regulatory initiatives may have custodians worried.
9 years ago

Indonesia, Thailand and Pakistan join money laundering blacklist

The FATF added Pakistan, Indonesia, and Thailand along with Ghana and Tanzania to its blacklist.
9 years ago