Payments & Settlements

Central Bank Liquidity Bridges Lower Costs of Cross-border Payments

24/07/2022

CPMI says central bank liquidity bridges can help reduce funding costs, FX costs, credit risks and operational risks for payment system participants.

Capital Adequacy

RBI Adopts Four Tier Regulatory Framework for UCBs

24/07/2022

A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.

Cryptocurrency

Japan FSA Dissatisfied With Crypto Industry Self-Regulation – Report

24/07/2022

Japan’s self-regulatory body for the crypto industry is being criticised for poor governance, lack of skilled staff, and slow implementation of AML rules.

Trading & Investment

China Tightens Retail Access to Precious Metal Trading

24/07/2022

Banks are further restricting retail access to precious metals markets due to increased volatility and to protect investors.

Market Abuse

ASIC Expects Market Participants to Detect Pump and Dump Activity

23/07/2022

New report sets out indicators and good practices to help market participants detect, prevent, and respond to pump and dump activity.

Structural Regulation

Taiwan, Israel Regulators Sign Fintech Cooperation MOU

23/07/2022

The MOU provides a framework for collaboration and information exchange in fintech innovation, capital markets and investment.

Credit Risk

FSC Korea to Introduce Measures to Help Vulnerable Borrowers

23/07/2022

The FSC chairman has clarified that the plan is not intended to help those who have lost money on stock and crypto investments funded by cheap loans.

Trading & Investment

Bangladesh Creates New Refinance Scheme for Small Business

23/07/2022

At least 75 percent of the BDT 250 million scheme will be disbursed among cottage, micro and small entrepreneurs, and 25 percent to medium sized enterprises.

Fraud, Scams & Cybercrime

US Recovers Crypto Ransoms Paid by Healthcare Providers

23/07/2022

The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.