Capital / Liquidity

HKMA Further Extends Loan Payment Holiday Scheme

20/10/2022

Businesses still face significant operational challenges due to a complex and uncertain external environment and economic outlook, the HKMA said.

Market Infrastructure

IOSCO Appoints New Chair, Two Vice Chairs to Board

20/10/2022

IOSCO’s new chair is Jean-Paul Servais, chairman of Belgium’s FSMA. The two new vice chairs are the FSA’s Ariizumi Shigeru and the CFTC’s Rostin Behnam.

AML / KYC

INTERPOL Launches First Global Police Metaverse

20/10/2022

INTERPOL Metaverse users can interact with other officers and take training courses. A new expert group will work to secure the metaverse from crime.

Capital / Liquidity

RBI Tightens Rules for Unhedged Foreign Currency Exposures

20/10/2022

The RBI tightened rules that require banks to factor borrowers’ unhedged foreign currency exposures into their credit-granting and loss-provisioning decisions.

Capital / Liquidity

Sri Lanka to Assess Capital Adequacy of Big Banks

20/10/2022

The study will assess the capital impacts of losses on foreign currency-denominated financial assets and bad debt.

Malaysia’s Scam Response Centre Publishes Guidance

20/10/2022

The National Scam Response Centre’s establishment was announced in Malaysia’s 2023 Budget earlier this month.

AML / KYC

Korea to Launch National Digital ID in 2024

20/10/2022

An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.

Crypto / Digital Assets

Japan FSA Commences Annual Cyberattack Drills with FIs

20/10/2022

The participants include banks, credit unions, securities firms,  payment providers, money transfer agents and crypto exchanges.

AML / KYC

Philippine May Pass Bank Secrecy Law Amendments Next Month

20/10/2022

The amendments will allow the BSP to look into deposit accounts for inquiries into fraud, serious irregularity, and unlawful activity.