Asia
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy
IMF chief warns of ‘dire’ coronavirus scenarios
Virus has already impacted global growth by 0.1 percentage points
Bank of Korea will superheat banknotes to stop coronavirus
People looking to exchange currency will have to go through heat monitor
Bank of Korea stops handling overseas cash as coronavirus spreads
Central bank says it will not accept cash from abroad until further notice
Coronavirus contagion risk prompts central bank action
Asian central banks deploy contingency plans and tell banks to minimise risk of virus spread
IMF-MAS research says cyber risks can be modelled with limited data
Public data can be used to create unique formulae to model hypothetical cyber attacks
Collateral management services: National Bank of Georgia/Montran
Duo developed Georgia’s fully automated new collateral framework
Thailand cuts rates as coronavirus threatens growth prospects
Central bank lowers interest rates 25bp on concerns outbreak will hamper prices and tourist revenues
Initiative of the year: Bank of Thailand
Thai central bank used two-way communications to support delivery of major initiatives
Advisory services: Deloitte
Consultancy has shown strength in wide range of tech and governance advisory roles
Bank Negara Malaysia surprises market with ‘pre-emptive’ rate cut
Analyst believes move signals end to “brief easing cycle”
Violence in Myanmar could hamper growth – World Bank
Investor confidence is being damaged by sustained conflict, despite robust growth
HKMA says banks should set up AI hub
Hong Kong lenders should establish “centre of excellence” to improve use of AI, central bank says
Bank Negara Malaysia seeks feedback on new climate taxonomy
Central bank proposes classifying activities based on how much they harm the environment
Risk weight tweak could fix IFRS 9 capital clash – research
Practitioner suggests way to cancel out double-counting of Basel credit loss provisions
Hong Kong supervisory framework needs further strengthening – IMF
Growth outlook has deteriorated but banking sector well positioned, says fund
2019: The year in review
The past year saw a persistent weakening of the global economy, and some radical financial innovations
PBoC’s monetary policy framework not likely to change – RBA research
Institutional structure prevents alignment with international peers
ECB paper examines low inflation’s impact on Asia
Researchers study impact of downside inflationary shocks on 12 of region’s largest economies
PBoC governor vows to stay away from QE and negative rates
Beijing should maintain “normal” monetary policy, says Yi Gang
Cyber stress tests reveal risks in Singaporean firms
Insurance firms report potential losses as high as $3.4 billion in MAS stress test
Indonesia’s central bank pledges major infrastructure changes
Five-year plan aims to upgrade payments infrastructure and boost inclusion rates
Facing up to the tech challenge
Central banks get a wake-up call from libra
MAS develops fintech information-sharing platform
Singapore partners with Canadian and French regulators