CBDCs

Multi CBDC Bridge Project Moves to Test New Use Cases

07/11/2021

The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

Data Privacy

PBOC Governor Calls for Stricter Laws to Protect Data

05/11/2021

PBOC governor Yi Gang expressed concerns that some big tech firms have been collecting customer data without consent and misusing the data.

Cryptocurrency

CBA to Become First Major Aussie Bank to Offer Crypto Trading

05/11/2021

CBA will offer customers the ability to buy, sell and hold crypto assets directly through its ‘CommBank’ app, which is currently used by close to six million customers.

Supervision & Enforcement

APRA Finds Underperformance Among Choice Super Products

04/11/2021

APRA plans to release its first Choice Product Heatmap in late 2021, following from its launch of the MySuper Product Heatmap in December 2019.

Tokenisation

HKMA Unveils New Measures to Achieve Fintech Vision

04/11/2021

Prototype platforms for green bond tokenisation developed. Commercial Data Interchange enters pilot launch. AML Regtech Lab set for Friday launch.

Cryptocurrency

Hong Kong Virtual Assets Regime Under Review: SFC

03/11/2021

The SFC is considering whether licensed firms should be allowed to provide crypto trading services to clients through omnibus account arrangements, and whether to allow crypto ETFs.

Sustainable Finance

Emerging Markets Rapidly Progressing Sustainable Finance Frameworks

03/11/2021

The Sustainable Banking and Finance Network says 32 member countries have launched national frameworks that set expectations for FIs to manage ESG risk.

Stablecoins

US Regulators Call for Powers to Regulate Stablecoins

02/11/2021

US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.

Market Risk

Hong Kong Makes Fixed-Rate Mortgage Scheme Permanent

01/11/2021

The scheme was announced as a pilot in the 2020-2021 budget and extended last November. Fixed-rate mortgage loans totalling around HKD 400 million have so far been approved.