Tokenisation

SGX CDP Enables Access to DLT Bond Issuance Platform

02/06/2022

CDP has made available to market participants a blockchain-enabled bond issuance platform developed by Marketnode, a joint venture between SGX and Temasek.

Stablecoins

UK Proposes Framework for Dealing with Stablecoin Failures

02/06/2022

HM Treasury proposes to give the BOE powers to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.

Fraud, Scams & Cybercrime

More Chinese Firms Fall Under India Probe for ‘Irregularities’

02/06/2022

The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

Structural Regulation

AFCA to Start Using New Funding Model from 1 July

01/06/2022

The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.

Fraud, Scams & Cybercrime

Malaysia SC Offers Guidance on Detecting Fake Investment Firms

01/06/2022

In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.

Cybersecurity

Thailand to Set Up New Sandbox for Testing of Corporate NDID

01/06/2022

The BOT is planning to also introduce sandboxes in the virtual banking and digital assets space, the relevant regulations are in place.

CBDCs

BOJ Releases Phase One Findings from CBDC Testing

01/06/2022

Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.

Structural Regulation

BSEC Tightens Circuit Breaker to Contain Stock Market Loses

01/06/2022

The lower limit was reduced from 5 percent to 2 percent. The upper limit was kept unchanged at 10 percent.

Emerging Prudential Risks

BCBS Progresses Work on Climate Risk, Crypto Assets

01/06/2022

The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.