
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

CBDCs
NYIC, US Banks Conclude PoC to Test Digital Money Platform
09/07/2023
The PoC tested a theoretical CBDC and bank deposit tokens on a shared multi-entity distributed ledger to enable domestic and cross-border payments.

Credit Risk
RBI Extends Deadline for Co-op Banks to Meet PSL Targets
09/07/2023
“This action is taken in response to the implementational challenges experienced by these financial institutions,” the RBI said.

AI Risk & Governance
RBI Considers Developing Regulatory Framework for Fintechs
07/07/2023
Deputy governor T Rabi Sankar Sankar indicated the RBI is committed to ensuring the fintech industry is provided adequate space to grow.

CBDCs
DBS Launches e-CNY Merchant Collection Solution
07/07/2023
DBS plans to build on the launch of the e-CNY solution to explore new digital payment solutions, including cross-border CBDC payments.

Cryptocurrency
FSC Korea to Require Employees to Report Crypto Holdings
07/07/2023
Employees that perform official duties related to the virtual assets sector will have to report their holdings to the FSC.

Market Abuse
Former London Trader Allowed to Appeal LIBOR Rigging Conviction
07/07/2023
Tom Hayes was the first person to be convicted of rigging LIBOR. He was released from jail in 2021 after serving half of an 11-year sentence.

Model Risk
EBA Publishes Validation Requirements for Initial Margin Models
06/07/2023
The standards include a “pragmatic and simplified” supervisory procedure applicable to smaller counterparts as well as easier documentation, governance and outsourcing requirements.

Trading & Investment
SEBI Proposes to Require FPIs to Route Bond Trades to RFQ Platforms
06/07/2023
SEBI intends to mandate FPIs to carry out at least 10 percent of their total secondary market trades in corporate bonds via RFQ platforms.

Structural Regulation
More Foreign Banks in UK May Have to Convert Branches to Subsidiaries
06/07/2023
The BOE is considering reducing the thresholds for requiring foreign banks to set up subsidiaries, as part of a review prompted by SVB’s collapse.

Trading & Investment
BSP Starts Publishing Temporary Replacement Rate for LIBOR
06/07/2023
The new reference rate is generated by translating the 28-day BSP bill rate to its overnight equivalent.
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