JP Morgan’s stake in Mumbai fintech ‘reflects Asian ambitions’
by Graham Buck
Transaction banking in Asia’s major emerging markets is confirmed as a key focus for the US bank
Asia
ESG bonds boom in South Korea
by Graham Buck
June 2019 is shaping up to be a bumper month, with major green bond offerings and a social covered bond
Malaysia’s PNB pledges to optimise liquidity management
by Graham Buck
The government-linked investment company plans to invest more overseas and accelerate its diversification strategy
Singapore scores for Asian transaction banking
by Graham Buck
The city state’s banks top customer satisfaction levels in the region for key products and services, an East and Partners survey finds
JP Morgan extends cross-border digital payments to China
by Graham Buck
The new service makes the US giant the first foreign bank in China to digitise and automate cross-border payments of goods
HSBC executes innovatory dual platform blockchain transaction
by Graham Buck
Complementary distributed ledger networks brought together for the first time in the Middle East connect Hong Kong and the UAE
London-Shanghai Stock Connect is launched
by Graham Buck
The reciprocal arrangement between the two cities’ stock exchanges was first announced in 2015 and is six months late
New Zealand readies for era of open banking
by Graham Buck
The Bank of New Zealand, one of the country’s big four, outlines its approach as the country slowly progresses towards the new regime
Reserve Bank of Australia chivvies banks on payments
by Graham Buck
The regulator accuses the country’s big four of dragging their heels on opening up the country’s New Payments Platform
HSBC earmarks US$880m for Hong Kong tech start-ups
by Graham Buck
The GBA+ technology fund will offer senior debt financing to top up funding from venture capital and private equity firms
Fraudsters target Australia’s instant payments system
by Graham Buck
Westpac, one of the country’s big four banks, revealed that its PayID lookup function had been infiltrated.
Ford collides with China’s antitrust regulator
by Graham Buck
The US motor giant’s Changan unit is fined US$23.6m with warnings that a list of “unreliable” foreign businesses is being compiled.
Moody’s supports new liquidity requirement for India’s non-banks
by Graham Buck
The new LCR, to be phased in from April 2020, is among a number of measures introduced since the demise of a major lender last autumn.
Credit Suisse pioneers first in Singapore dollar bond market
by Graham Buck
CS’s first Singapore dollar-denominated AT1 perpetual bond is hailed as a new source of bank funding that diversifies the investor base
India’s RBI issues liquidity management guidelines
by Graham Buck
The country’s central bank is proposing new rules for non-banking finance companies to help them deal with severe liquidity problems.
Taiwan completes its first sustainability-linked loan
by Graham Buck
The three-year loan is the first for an Asian-Pacific IT company to be evaluated using environmental, social and governmental metrics.
Asian Development Bank funds Philippines, India rail projects
by Graham Buck
The ADB will provide funding of up to US$2.75bn in its single largest infrastructure project financing to date.
Standard Chartered and IBM Launch Trade AI Engine
by Graham Buck
The solution, for converting non-digital shipping documents into machine-readable format, is live in Asia, Africa and the Middle East.
India’s SEBI encourages fintech start-ups
by Graham Buck
The Securities and Exchange Board of India published a raft of proposals to encourage the development of fledgling firms
Shadow banking ‘increasing systemic risk’
by Graham Buck
Progress made since the financial crisis in improving banks’ credit profiles could be undermined by its growth, warns Fitch Ratings.
Philippines returns to the panda bond market
by Graham Buck
The Republic of the Philippines accessed the market for the second time in 15 months with a 2.5 billion yuan offering.
Hong Kong gives green light to more virtual banks
by Graham Buck
Competition in the banking sector has intensified as the Hong Kong Monetary Authority hands out a batch of new licences.
Report highlights digital benefits for Indian corporate banks
by Ben Poole
A report from SWIFT and Boston Consulting Group highlights digital benefits for corporate banks in India.
Deutsche Bank enables corporate instant payments in Malaysia
by Ben Poole
Deutsche Bank to process payments for corporate clients using Malaysia's DuitNow instant credit clearing system.