BOK Decision to Halt FSS Funding to Increase Costs for Industry

08/02/2022

Financial firms are estimated to face increased costs of some KRW 20 million, on average, to make up for the loss of BOK funding.

Fintech / Regtech

China Showcases CBDC at Beijing Winter Olympics

08/02/2022

Observers say China’s “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.

Capital / Liquidity

NBC Requiring Lenders to Recognise & Provision Against NPLs

08/02/2022

As relief measures end this month, Cambodian lenders will have to set aside appropriate provisions for nonperforming loans.

Market Infrastructure

BOT Encourages FIs to Adhere to FX Global Code

07/02/2022

From 2025 onwards, adherence to the Code will become a prerequisite for the BOT’s foreign exchange counterparties.

Fintech / Regtech

More Banks Join Indonesia’s New Fast Payments System

07/02/2022

BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.

Fintech / Regtech

Facebook Sells Stablecoin IP and Tech Assets to Silvergate

07/02/2022

The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.

Skills Gap a Key Bottleneck for Macao Financial Sector: IMF

02/02/2022

The IMF proposes a multi-prong approach to bridge the skills gap and support the development of modern financial services in Macao.

Capital / Liquidity

India: Unity Small Finance Bank Takes Over PMC Bank Branches

01/02/2022

Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.

Fintech / Regtech

Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks

30/01/2022

Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.