*Korea to allow securities firms to raise more funds for corporate financing
*ASX opens RMB-denominated securities clearing
*HKMA promotes bank liquidity with new ratio
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.
*RMB-KRW direct trade starts
*Hong Kong launches RMB indices
*China and Russia ink RMB clearing deal
*Singapore to include RMB in Official Foreign Reserves
*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
India’s central bank introduces a new scheme to deal with non-performing assets, allowing lenders to divide borrowers’ debt into sustainable debt and equity instruments.
*Safe regulates capital outflow for inter-bank bond investment
*Thailand plans reporting exemptions for foreign issuers
*CFTC adopts X-border approach for uncleared swaps
*Indonesia moves to full IFRS convergence
HKMA releases circular on cybersecurity rules; CFTC to expand hedging exemptions in limits amendment; China dumped market-based mechanism for RMB in Jan; SEBI applies KYC norms to ODI issuers; and much more…