Trading & Investment

SEBI Consults on Framework for New Gold Exchange

18/05/2021

The proposed gold exchange would facilitate trading in so-called ‘Electronic Gold Receipts’, and help to improve transparency and price discovery.

PEPs & Sanctions

US, UK, Canada Announce Fresh Sanctions Against Myanmar

18/05/2021

The latest sanctions actions cite attacks and human rights violations against the people of Myanmar, including the killing of children.

Emerging Prudential Risks

China to Pilot Private Retirement Savings Scheme in Two Cities

18/05/2021

The scheme will help to address a gap of as many as 200 million people that are under-covered by China’s current pension system.

Trading & Investment

Macau: AMCM to Advance Training Initiatives for Financial Sector

18/05/2021

The training initiatives will help develop the local financial sector and help Macau prepare for the Wealth Management Connect scheme.

Liquidity Risk

Myanmar Banks Face Cash Crisis as CBM Withholds Reserves

18/05/2021

CBM is not returning some of the reserves it holds for private banks leaving them with no cash to replenish own vaults with cash for their customers.

Cryptocurrency

RBI Asks Banks to Cut Ties With Cryptocurrency Exchanges

17/05/2021

The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.

Anti-Bribery & Corruption

China: Ex-Banking Regulator Admits to Taking Bribes

17/05/2021

The former head of the CBRC’s Inner Mongolia branch is linked to Baoshang Bank, a local lender that was taken over by the state in 2019.

Cryptocurrency

BOK Seeks Authority to Monitor Crypto Transactions – Report

15/05/2021

The BOK plans to use existing authorities to monitor crypto transactions, amid fears that risks in the sector could flow to the broader financial system.

CBDCs

HKMA, PBOC In Talks on Next Phase of Digital Yuan Tests

15/05/2021

The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.