Foreign Exchange
Singapore to dominate forex with sub-second speeds
Singapore to dominate forex with sub-second speeds
MAS looks for ultra-fast platforms that could route currency trades in milliseconds.
Taiwanese banks' yuan deposits up to $42.34b in March
RMB deposits held by offshore banking units rose by $200m to $5.06b.
Japan boosts money laundering defences
MUFG Bank and Mizuho Bank will halt international cash remittances from June.
Citi to set up FX pricing and trading engine in Singapore
It will feature a proprietary pricing and hedging algorithm and offer 23 spot currencies.
South Korean banks' forex turnover hits decade-high at $55.51b in 2018
Strong capital inflow boosted yearly figures.
Taiwanese banks' yuan deposits shrinks to 4-year low in December
This represents the third straight month of decline.
Korea slaps $600,000 fine on 4 global banks over forex rigging
JP Morgan Chase faced the highest penalty of $223,000.
Singapore leads innovation in Asia's forex sector with distributed ledger and eFX
It rolled out Project Ubin, a collaboration exploring blockchain for settlement of payments and securities.
Indonesia's big 4 banks hold firm against tumbling rupiah
Their low dollar balance sheet cushions the blow.
UBS to launch eFX engine in Singapore by Q2 2019
It is expected to improve the FX market’s transparency and efficiency.
Philippine banks tie up with Bank of China to launch peso-renminbi spot market
Individuals can soon change renminbi into peso and vice versa.
RCBC rolls out online FX trading facility
It’s said to be the first such platform in the Philippines.
Can Indonesian banks survive the severe local currency depreciation?
The Indonesian rupiah has plunged to a three-year low which might level strain on the banking system.
UOB reportedly halting foreign currency banknote supply in Taiwan
The move comes amidst tighter anti-money laundering rules in the region.
Indian banks team up in blockchain-powered trade finance network
The collaboration will leverage on Infosys Finacle’s technology.
Hong Kong to link central bank system with Japan for faster cross-border transactions
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
UOB adds forex solutions in China to support trade finance needs
One of the solutions enables direct RMB and Thai baht trade.
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Tài Chính Số Tận Tâm (Conscientious Digi-Finance) puts customer experience at the centre, helping people better monitor, manage, and take control of their financial decisions.
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