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Market Infrastructure
BOJ Pledges More Flexibile Yield Curve Control Policy
01/11/2023
The BOJ said its strict cap on long-term interest rates would in principle have “strong positive effects”, but that it could also entail “large side effects”.
AML / KYC
FATF Consults on Amendments to Recommendation 25 Guidance
01/11/2023
The guidance will support implementation of the revised Recommendation 25, to help address risks from trusts or similar legal arrangements.
Crypto / Digital Assets
Thailand’s Kasikorn Bank Acquires Digital Asset Exchange
01/11/2023
Kasikornbank has also established a digital asset custodian, a digital asset fund management company, and a blockchain infrastructure development company.
Fintech / Regtech
MAS to Launch POC to Enhance Interoperability for QR Payments
01/11/2023
The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.
ESG / Sustainability
BOK, KRX to Test CBDC Use in Carbon Emissions Trading
01/11/2023
More specific details on the experiment will be announced at the end of November. The experiment is scheduled to be conducted in Q3 and Q4 next year.
AML / KYC
FATF Issues Report on Crowdfunding for Terrorism Financing
01/11/2023
The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.
Crypto / Digital Assets
Malaysia’s Fusang Exchange Issues First Institutional Tokenised Sukuk
01/11/2023
The digital sukuk is os structured as a depositary receipt, backed by a sukuk issued by the International Islamic Liquidity Management Corp.
Sanctions
US, UK, Canada Announce New Myanmar Sanctions
01/11/2023
OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.
Crypto / Digital Assets
UK Confirms Plans to Implement New Rules for Crypto, Stablecoin
31/10/2023
Treasury says the government aims to have legislation for the new regime before Parliament in 2024.
Fintech / Regtech
Citi to Provide GenAI Tools to 40,000 Coders Across the Bank
31/10/2023
Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.
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