Liquidity Risk

BOK, FSS Agree to Share Data on Non-bank Depository Institutions

01/11/2023

The MoU aims to enhance monitoring so BOK can quickly provide liquidity support to non-bank deposit institutions that run into trouble.

Market Risk

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”.

Anti-Money Laundering

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.

Custody & Infrastructure

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.

Payments & Settlements

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.

CBDCs

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.

Anti-Money Laundering

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.

Tokenisation

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.

PEPs & 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.