Payments & Settlements

CPMI Advances Work on Enhancing Cross-border Payments

13/05/2022

A final report has been issued on extending RTGS operating hours, and another offering a framework for jurisdictions to self-assess payment system access.

Cryptocurrency

CBOE Australia Commences Trading in First Three Crypto ETFs

13/05/2022

Cosmos launched a feeder ETF offering indirect bitcoin exposure. 21Shares and ETF Securities launched a bitcoin ETF and an ether ETF, offering direct exposure.

Reporting & Disclosures

Singapore Taskforce Issues Second Consultation on Green Taxonomy

13/05/2022

The proposed traffic light-based taxonomy is accompanied by a user guide for financial institutions and companies to apply the taxonomy.

Cryptocurrency

Countries Should Ensure Capital Controls Cover Crypto: IMF

12/05/2022

A new IMF paper calls on policymakers to preserve the effectiveness of capital controls by clarifying the legal status of crypto assets.

Climate Risk

KRX Seeks to Launch New Market for Carbon Futures

12/05/2022

A futures market would help boost liquidity in the existing K-ETS, which has allowed spot trading in carbon allowances since 2015, KRX said.

Liquidity Risk

Capital Outflows Prompt HKMA Intervention to Defend Currency Peg

12/05/2022

The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.

KYC & CDD

Wolfsberg Group Offers Guidance on Adverse Media Screening

12/05/2022

New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.

Clearing & Post-Trade

ASX Confirms Delay to Chess Replacement Go-Live Date

12/05/2022

ASX said a new go-live date will be determined after further planning with its technology partner and input from stakeholders.

Capital Adequacy

BSP Issues Guidelines on Strengthening Rural Bank Competitiveness

11/05/2022

The guidelines set out options to strengthen the rural banking sector, including through mergers, acquisitions or third party investment.