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.

AML / KYC

Bangladesh Bank Opens RTGS to NBFI Participation

11/05/2022

Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.

Enforcement

Taiwan FSC Fines KGI Bank Over Misappropriated Client Assets

11/05/2022

KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.