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

CBDCs
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 Adequacy
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.

Trading & Investment
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”.

Trading & Investment
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.

DeFi & Web3
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.

Cryptocurrency
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.

Climate Risk
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.

KYC & CDD
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.

Emerging Prudential Risks
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.

Trading & Investment
Bangladesh to Form New Market for Shariah Compliant Securities
23/01/2023
The BSEC has formed a-nine member advisory council to help develop the new Islamic capital market.
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