Securities / Derivatives

RBI Lifts Restrictions on Offshore Rupee Trades by Banks

17/12/2022

Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

Crypto / Digital Assets

BOK Seeks Legal Authority to Regulate Stablecoins

17/12/2022

BOK says stablecoins pegged to foreign currencies should be subject to foreign exchange laws, while those pegged to the Korean won should fall under the central bank’s regulatory remit.

Capital / Liquidity

PBOC Issues Draft Regulations for Financial Infrastructures

17/12/2022

The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.

Crypto / Digital Assets

Ant Group Embeds e-CNY Processing in Alipay Digital Wallet

17/12/2022

The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.

Hong Kong Names Julia Leung as New SFC Chief

16/12/2022

Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.

AML / KYC

Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023

16/12/2022

More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.

Securities / Derivatives

China Asks Banks to Absorb Selling Pressure in Bond Markets

16/12/2022

Banks are asked to absorb selling pressure caused by retail investors withdrawing funds from wealth management products and bond funds.

Securities / Derivatives

Stress Eases in Chinese Offshore Debt Market – Reports

15/12/2022

Chinese offshore dollar bonds have ended 14 months of losses. China’s banks have vowed to extend at least USD 179 billion of financing help to developers.

Capital / Liquidity

FSB to Revise Recommendations on Fund Liquidity Management

15/12/2022

Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.