Market Infrastructure

Capital Outflows Prompt HKMA Intervention to Defend Currency Peg

12/05/2022

The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.

AML / KYC

Wolfsberg Group Offers Guidance on Adverse Media Screening

12/05/2022

New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.

Crypto / Digital Assets

ASX Confirms Delay to Chess Replacement Go-Live Date

12/05/2022

ASX said a new go-live date will be determined after further planning with its technology partner and input from stakeholders.

Capital / Liquidity

BSP Issues Guidelines on Strengthening Rural Bank Competitiveness

11/05/2022

The guidelines set out options to strengthen the rural banking sector, including through mergers, acquisitions or third party investment.

Securities / Derivatives

JPX to Provide Real-time Calculation of New Market Indices

11/05/2022

Three indices launched last month under the TSE’s new market structure will be calculated every 15 seconds instead of the current once-a-day calculation.

Fintech / Regtech

IMF Explores Impact of Digital Money on Central Bank Operations

11/05/2022

The paper explores how CBDCs and stablecoins could impact the interest rate channel, monetary policy and central bank operations.

Capital / Liquidity

FSC Korea Directs Banks to Strengthen Capital, Risk Management

11/05/2022

Banks are asked to strengthen loss absorption capacity, FX liquidity management, credit risk monitoring and bad debt provisioning.

Crypto / Digital Assets

SEC Thailand Proposes Stricter IT Security Rules for Capital Market

11/05/2022

The revised rules apply to securities and derivatives businesses, digital asset operators, clearinghouses, depositories, exchanges, digital token platforms, and crowdfunding platforms.

AML / KYC

Indian AML Investigators Threatened, Coerced Xiaomi Execs – Reports

11/05/2022

In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.