Cryptocurrency

Korea FTC Considers Stricter Regulations for Upbit, Bithumb

21/04/2022

Korean companies categorised as “large businesses” are placed under close monitoring and must disclose information on major intracompany dealings, board decisions and shareholders.

Market Risk

BOJ Conducts Further Consecutive Unlimited Bond Buying

21/04/2022

Yields have stayed close to the upper limit of the BOJ’s tolerated trading band despite recent moves to boost its purchases of government bonds.

Climate Risk

ABS Launches Environmental Risk Questionnaire for Banks

21/04/2022

The ABS has launched an industry standard template to help banks engage corporate clients in the assessment and mitigation of environmental risk issues.

Trading & Investment

LIBOR Transition Challenges Remain in APAC Loans Market

21/04/2022

In a survey of APLMA member institutions, more than half of respondents said they would not complete remediation of their legacy book until H1 2023.

Credit Risk

Thailand Asks State Banks to Help Debtors with NPLs

21/04/2022

Five state banks are asked to grant defer repayments and grant new loans to debtors who are already past due on old debt.

Cryptocurrency

Australia to Launch First Crypto ETFs Next Week

21/04/2022

Cosmos Asset Management will issue an ETF offering indirect exposure to Bitcoin. 21Shares will offer direct crypto exposures through a Bitcoin ETF and an Ether ETF.

Conduct, Culture & Accountability

RBI Issues New Rules on NBFC Compliance Function

21/04/2022

Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.

Cloud & Infrastructure

Japan FSA Publishes Research on Overseas Data Collection Platforms

20/04/2022

A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.

Fraud, Scams & Cybercrime

20 Year Old Pleads Guilty in OCBC Phishing Scam Case

20/04/2022

The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.