CBDCs

Taiwan to Complete Second Phase of CBDC Trials By September

21/02/2022

Under the current design, a two-tier system is being used that will allow users to exchange bank deposits with the TWD digital currency.

Credit Risk

BNM Allows Individuals to Complete eCCRIS Registration Digitally

21/02/2022

The enhancements make it more convenient and safer for individual users to register for eCCRIS and access their credit reports, for free, BNM says.

Climate Risk

Singapore Govt, MAS to Extend Support for Businesses

21/02/2022

MAS is extending its SGD facility to support SME lending. Singapore will target net zero emissions by or around 2050, which was previously the target for halving emissions.

Cloud & Infrastructure

HKMA, PBOC Invite Firms to Test Fintech Initiatives Across GBA

21/02/2022

The objective of the link is to provide a “one-stop platform” to allow FIs and technology firms to pilot test their cross-boundary fintech initiatives, concurrently in Hong Kong and GBA cities.

Payments & Settlements

Bank Indonesia Deepens Ties with BOK Under New MoU

20/02/2022

The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.

Anti-Money Laundering

US DOJ Appoints First Director of National Crypto Enforcement Team

20/02/2022

The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.

Conduct, Culture & Accountability

BSP Eases Confirmation Process for Bank Directors, Officers

20/02/2022

The amendments aim to limit the coverage of officers requiring confirmation for appointment and to streamline documentary requirements.

Fraud, Scams & Cybercrime

UK HMRC Seizes Three NFTs in Fraud Investigation

20/02/2022

Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.

Fraud, Scams & Cybercrime

FSC Korea Fines IBK and Fund Manager Over Mis-sold Funds

20/02/2022

Industrial Bank of Korea also has to suspend its private fund sales operations for 1 month. Discovery Asset Management and its CEO are suspended for 3 months.