Big Picture

Banks with Shadow Loans Face Higher Funding Costs

10/02/2022

A new BIS paper finds that banks with high shadow loans face higher funding costs in the wholesale market and witness lower returns during market stress.

AML / KYC

US DOJ Makes Largest Ever Cryptocurrency Seizure

10/02/2022

The DOJ seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex hack, representing the largest financial seizure in its history.

Fintech / Regtech

Boston Fed, MIT Research Shows Potential For CBDC

10/02/2022

Project Hamilton produced a code base capable of handling 1.7 million transactions per second, 99% of which reached settlement finality in under one second.

Philippine SEC Proposes Fee Cap Guidance for Lending Companies

09/02/2022

The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.

BOK Decision to Halt FSS Funding to Increase Costs for Industry

08/02/2022

Financial firms are estimated to face increased costs of some KRW 20 million, on average, to make up for the loss of BOK funding.

Fintech / Regtech

China Showcases CBDC at Beijing Winter Olympics

08/02/2022

Observers say China’s “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.

Capital / Liquidity

NBC Requiring Lenders to Recognise & Provision Against NPLs

08/02/2022

As relief measures end this month, Cambodian lenders will have to set aside appropriate provisions for nonperforming loans.

Market Infrastructure

BOT Encourages FIs to Adhere to FX Global Code

07/02/2022

From 2025 onwards, adherence to the Code will become a prerequisite for the BOT’s foreign exchange counterparties.

Fintech / Regtech

More Banks Join Indonesia’s New Fast Payments System

07/02/2022

BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.