CBDCs

Thailand: BOT Sets Out Next Steps to Pilot Retail CBDC

08/08/2022

The next phase of retail CBDC testing will involve Bank of Ayudhya, Siam Commercial Bank, payments provider 2C2P, and technology from Giesecke+Devrient.

Trading & Investment

HKEX Launches First A-Share Index Derivative Warrants

08/08/2022

HKEX launched of MSCI China A50 Connect Index Derivatives Warrants from four issuers – BNP Paribas, Goldman Sachs, JP Morgan, and Morgan Stanley.

PEPs & Sanctions

China Sanctions Pelosi, Halts US Cooperation on Crime, Climate

08/08/2022

China sanctioned US House Speaker Nancy Pelosi and her immediate family over her visit to Taiwan, and will suspend cooperation with the US in a number of areas.

Operational Risk

MAS Sets Out Expectations on Third Party Risk Management 

08/08/2022

MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

Cryptocurrency

BlackRock, Coinbase Partner on Crypto Trading Services

08/08/2022

Connectivity will be established between BlackRock’s investment management platform Aladdin and Coinbase’s integrated trading platform Coinbase Prime.

Credit Risk

BCBS Warns of Risky Real Estate and Leveraged Loans

08/08/2022

The pandemic and recent inflation have heightened credit risk concerns. Supervisors have observed higher-risk and deficient lending practices.

Emerging Prudential Risks

FSC Korea to Support Firms Pursuing Business Transformation

08/08/2022

The FSC will strengthen the evaluation process to ensure businesses pursuing transformation initiatives are eligible to receive financial assistance.

Fraud, Scams & Cybercrime

Henan Fraud: Authorities Ramp Up Repayments to Bank Customers

07/08/2022

Chinese authorities in Henan and Anhui have repaid more depositors whose savings have been frozen for months.

Cryptocurrency

US Court Allows Voyager Digital to Return Cash to Customers

07/08/2022

Regulators have separately ordered the crypto brokerage to “immediately remove” false statements it made that suggested it was FDIC-insured.