Crypto / Digital Assets

Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes

08/07/2022

Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.

Capital / Liquidity

HKMA Consults on Implementation of Basel III Reforms

08/07/2022

The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.

Market Infrastructure

FSB Advances Work on G20 Cross-border Payments Roadmap

08/07/2022

The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.

Capital / Liquidity

BCBS Issues Guidance for Supervisors on Proportionality

08/07/2022

Proportionate approaches provide regulatory certainty without being overly static, which can create favourable operating environments for both banks and supervisors.

Securities / Derivatives

Alder to Leave SFC to Take Up Role as FCA Chair

08/07/2022

Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.

Crypto / Digital Assets

IOSCO Outlines Planned Work to Address Crypto Market Risks

07/07/2022

The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.

HKMA Joins International Financial Consumer Protection Organisation

07/07/2022

FinCoNet’s membership includes more than 30 regulators responsible for financial consumer protection around the world.

Crypto / Digital Assets

South Korea Launches First Crypto Bank Service

07/07/2022

The “crypto bank” offers multiple financial services for crypto assets including deposits, loans, asset transactions, and withdrawals.

Crypto / Digital Assets

Chinese Bigtechs Pledge to Prevent, Deter NFT Speculation

07/07/2022

Tencent and Ant Group are among those that have pledged to adhere to China’s crypto ban and prevent speculation on platforms that deal in ‘digital collectibles’.