The HKMA scraps renminbi clearing bank requirements for repo transactions; Korean regulator promises lower foreign bank barriers; Safe reforms foriegn debt policies for non-Chinese MNCs.
Regulatory roundup: The PBoC relaxes capital account control by allowing onshore RMB conversion; China’s congress vote removes loan-to-deposit ratio requirement; RBI discloses D-SIB list, with additional common ...
China has further simplified outbound and inbound investment regulation in China; Alibaba has been "ordered" out of Taiwan for disguising Chinese ownership of its Taiwan entity; The Reserve Bank of India has ...
Sonal Priyanka has been hired away from BAML as Societe Generale’s new regional head of trade for global transaction banking Southeast Asia, India, and Middle East.
HSBC has promoted Andy Grisdale to chief of staff for commercial banking, Asia-Pacific, a role that includes oversight of global standards and product governance.
HSBC Malaysia has promoted Mahbub Rahman to head of commercial banking, a role that includes oversight of its trade finance and cash management in the country
While currently no Asian-headquartered bank offers bank service billing in standard TWIST file formats, Asian banks are being led by regional reform efforts, observers believe.