Custody & Clearing

JP Morgan launches direct custody & clearing platform in Hong Kong

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

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.

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.

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.

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?

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.

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.

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.

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.

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.

Asia to face regulatory scrutiny in payments

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

Indonesia, Thailand and Pakistan join money laundering blacklist

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

Will OTC derivatives clearing in Asia mirror the US and EU model?

Standard Chartered’s Giles Elliot says it will surely have a big impact in the market, though not all players can afford the capital charges for...

Regulation and tax pressures to hit the securities industry in 2012

HSBC and Standard Chartered concur that banks in Asia will have to brace for a depth of regulatory change and evolution of tax regimes this year.

Bankers probe for more efficient custody & clearing platforms

Find out what HSBC’s Ian Banks and Standard Chartered’s Giles Elliot have to say about the challenge of having a system that embeds sufficient...

The offshore RMB connection

What a difference a year makes, or does it? Here we are at the beginning of a new year, ready to manage the challenges before us. It's also a good...