Crypto / Digital Assets

BISIH London Invites Firms to Test Retail CBDC API Platform

25/01/2023

Project Rosalind’s phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.

Capital / Liquidity

EU Lawmakers Back Draft Law to Implement Basel III

25/01/2023

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

Market Infrastructure

NYSE System Issue Causes Trading Halts on Major Stocks

25/01/2023

The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.

Crypto / Digital Assets

Korea to Improve Market Access for Foreign Investors, Allow STOs

25/01/2023

Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.

Fintech / Regtech

BIS Paper Offers Technical Model for Assessing DeFi Risks

24/01/2023

The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.

Crypto / Digital Assets

Crypto Lender Genesis Files for Bankruptcy Protection

24/01/2023

Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.

ESG / Sustainability

US Fed Issues Instructions on Climate Scenario Analysis

24/01/2023

Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.

Securities / Derivatives

CSRC Revises Rules for Securities Brokerage Businesses

24/01/2023

The rules strengthen requirements for firms to protect customers and implement transaction management and process controls.

Capital / Liquidity

US OCC Outlines Framework for “Too-Big-to-Manage” Banks

24/01/2023

The OCC is looking to provide more transparency into its escalation framework for dealing with banks that become too big to manage.