Capital / Liquidity

UPDATED – PBOC Withdraws Liquidity to Contain Financial Risks

31/01/2021

The PBOC is seeking to reduce excess leverage in the financial system to address concerns of potential medium and long term economic and financial risks.

Big Picture

More Central Banks Advancing CBDC Work: BIS Report

29/01/2021

CBDCs need to be linked to a digital identity in order to be useful in achieving financial inclusion, said BIS general manager Agustín Carstens.

Fintech / Regtech

ASIC Sheds Light on Regtech Initiatives in New Report

28/01/2021

The report highlighted the importance of good data governance, skilled data-literate staff, and human review and input when implementing regtech applications.

Big Picture

BigTechs in Finance Needs More Comprehensive Regulatory Approach

28/01/2021

Rules for designating financial institutions as systemically important should be redefined so they can be applied to BigTech entities, says Agustín Carstens.

Market Infrastructure

Policy Rethink Needed to Promote Green Finance Development in India

27/01/2021

India needs a policy framework that addresses existing frictions at both the national and state levels, says a new paper from the RBI.

Capital / Liquidity

PBOC, CBIRC Approve New Capital Raising Tool for Banks

26/01/2021

While small banks face acute funding needs, larger banks and G-SIBs will similarly have to bolster capital to address rising NPLs and incoming regulatory requirements.

Securities / Derivatives

Higher Profit Requirement for IPOs Will Hurt Hong Kong

25/01/2021

Consultation responses suggest that HKEX’s proposal to raise the profit requirement for Main Board listing IPOs will drastically reduce its competitiveness.

AML / KYC

Anti-Money Laundering a Priority for Incoming Treasury Secretary Yellen

24/01/2021

Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.

Fintech / Regtech

BIS Innovation Hub Sets Out 2021 Work Programme

24/01/2021

Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.