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.
Asia
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.
China begins trading of defaulted corporate bonds
by Graham Buck
The first completed transactions could see the development of a future junk bond market in the country.
Hong Kong boosts sustainability credentials
by Graham Buck
New measures announced by the Hong Kong Monetary Authority will encourage sustainable banking and green finance.
Chinese corporate defaults on an upward curve
by Graham Buck
This year will be by far the biggest for defaults in China’s $13 trillion bond market, predicts Bloomberg.
Hong Kong chooses Euroclear international ETF structure
by Graham Buck
Hong Kong Exchanges & Clearing is Asia’s first stock market to adopt the ICSD exchange traded funds settlement model in Euroclear Bank.
Thailand moves closer to central bank digital currency
by Graham Buck
The Bank of Thailand’s project prototype is being finalised by the R3 blockchain consortium and Wipro.
Asia Development Bank pledges $5bn for cleaner oceans
by Graham Buck
The bank’s president says the region’s future prosperity rests on encouraging sustainable development.
MAS, Bank of Canada blockchain trial promises cross-border payment gains
by Graham Buck
The successful experiment by the two central banks could make cross-border payments faster and more efficient.
Survey has Hong Kong favourite for regional treasury centres
by Graham Buck
China’s booming economy and HK’s proximity to the mainland have helped it achieve prominence, reports East & Partners.
Banks agree $2bn loan for Vietnam coal-fired power plant
by Graham Buck
JBIC leads the consortium that will fund a project that breaches international agreements to phase out fossil fuels.
Amazon Pay enters India’s P2P payments market
by Graham Buck
Despite an already crowded market, the online giant believes that the country still lacks an efficient money transfer service.
Samsung ‘developing own blockchain network’
by Graham Buck
The South Korean electronics group is reportedly working on several projects based around the new technology.
Singapore study sees automation displacing bank jobs
by Graham Buck
Many roles across the city state’s financial services industry are set to be automated before 2025.
China’s EXIM Bank makes $37bn in green loans
by Graham Buck
The Export-Import Bank of China had lent more than 250 billion yuan to green industries by the end of 2018.
BNP Paribas, LianLian Pay partner on China e-commerce business
by Graham Buck
The partnership will offer integrated collections solutions for e-commerce that consolidate online sales and offline mobile collections
India’s NPCI bank consortium examines blockchain
by Graham Buck
The National Payments Corporation of India will review the potential of distributed ledger technology to improve digital transactions.
Amazon ‘calls time on China retail operations’
by Graham Buck
The US e-commerce giant is reported to have admitted defeat in its contest against local rivals such as Alibaba and JD.com.
Western Union partners with Philippines fintech on cross-border payments
by Graham Buck
The US financial services giant will integrate Coins.ph’s mobile wallet into its cross-border payments platform.
India’s Tata settles securities using blockchain
by Graham Buck
Tata Consultancy Services completed a blockchain pilot to create a set of cross-border securities on its BaNCS network
Big investment and job losses ahead as banks sector embraces AI
by Graham Buck
The business value to the industry of artificial intelligence is expected to reach $300bn by 2030 but it will shed millions of workers.