PEPs & Sanctions

LME Decides Against Banning Russian Metals from Warehouses

13/11/2022

The LME received feedback that a “material portion” of the market is still planning to buy Russian metal in 2023.

Cryptocurrency

KakaoBank to Open Accounts for Coinone Exchange Users

13/11/2022

Coinone will end its partnership with Nonghyup Bank to increase online withdrawal and deposit limits with KakaoBank.

Credit Risk

Philippines Introduces Standard Forms for Business Loan Applications

13/11/2022

Lenders have 18 months to use the new standard form, which the BSP says will make credit more accessible to small businesses.

Trading & Investment

SZSE Opens Science and Technology Exchange Centre

13/11/2022

The Centre will serve as a platform to promote science and technology innovation and connect innovative firms to private equity and venture capital.

Credit Risk

Korea: New Property Market Measures to Take Effect on 1 Dec

12/11/2022

The new “customised countermeasures” are aimed at enabling actual buyers rather than speculators to obtain property loans from banks.

PEPs & Sanctions

US Officials Asks Banks Maintain Services for Some Russian Firms

12/11/2022

The effort is said to be aimed at reducing the negative effects of Russia-targeting sanctions on the global economy.

Conduct, Culture & Accountability

APRA Calls for Continued Improvements in Bank Risk Culture

12/11/2022

APRA shares the results of a survey that sought views from employees at 18 ADIs on their risk management practices.

CBDCs

NY Fed, MAS to Test CBDC-based Cross-Border Payments

11/11/2022

“Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.

Clearing & Post-Trade

ESMA Recognises TAIFEX as QCCP Under EMIR

11/11/2022

The recognition lowers capital requirements and makes managing counterparty risk easier for EU financial institutions participating in Taiwan’s market.