*CFETS announces list of participants allowed in interbank RMB trading
*China issues rules to clean up P2P lending
*MAS proposes National Payment Council
*RBI announces rules on group exposure framework
Singapore has created a panel to advise the Monetary Authority of Singapore on fintech developments, but companies will not be able to access the panel to share or receive advice outside of designated meetings.
Banks say they are less than three years from deploying blockchain, but making the most of the technology depends on different institutions finding common ground.
Financial organisations have voiced concerns about proposed changes to Basel III, including changing the way notional pooling is treated, and treasurers are rightly concerned.
*China outlines reserves rule for foreign bank FX trading
*GMFA objects to proposed Basel III revisions on cash pooling
*Singapore confirms steps against financial cybercrime
The Hong Kong Monetary Authority has launched the Infrastructure Financing Facilitation Office in a bid to secure itself as the top financing hub in the world.
The Reserve Bank of India has further pushed its plan to get the whole country’s payment and settlement system onto an electronic platform. But the plan, called Vision 2018, does not oblige companies to comply.
*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update