Custody & Clearing

Citi Trust to be acquired by JTC

Citi Trust handles $70b of assets owned by UHNW clients.

Malaysia's bid for BRICS membership to spur banking overhaul

However, challenges abound when moving away from U.S. and SWIFT reliance.

Australia proposes central clearing of bonds and repos

Financial regulators are inviting feedback to reassess its possible implementation. 

National Australia Bank arm invests on digital asset custodian Zodia

Zodia aims to onboard Austrlia's home grown digital asset exchanges in its platform.

BSP onboards first non-bank e-money issuer in real-time settlement system

OmniPay no longer needs an existing RTGS participant to sponsor their settlement.

JPMorgan Chase eyes outsourcing Hong Kong, Taiwan custody business

The bank is reportedly in the process of selecting another bank to take over operations.

UOB joins LCH SwapClear and ForexClear as as direct clearing member

UOB is the first SEA bank to join ForexClear as a direct member.

Citi Securities Services joins DLT-powered fractional bond exchange

Citi will provide settlement and custody services in the back end.

Bangkok Bank clinches license to offer custody services in Vietnam

Services include receipt-delivery, settlement, and clearing, amongst others.

Citi to provide custody and fund services to Fubon’s latest Hong Kong ETF

The bank works with over 40 ETF issuers covering 500 ETFs in APAC.

Citi TTS to launch 24/7 USD clearing service in Q4

Clients can make USD payments globally 24/7, even during holidays.

The uncertain solutions to custody & clearing risks

Banks are currently looking into outsourcing, blockchain technology, and cybersecurity but are wary of unproven results.

Asian banks take the fast lane to real-time payments

Asian banks zooming towards faster and more secure transactions while navigating the region’s mounting regulatory hazards.