Credit Risk

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.

Trading & Investment

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.

Payments & Settlements

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.

Stablecoins

Facebook Sells Stablecoin IP and Tech Assets to Silvergate

07/02/2022

The sale was announced after it became clear from dialogue with federal regulators that “the project could not move ahead”.

Emerging Prudential Risks

Skills Gap a Key Bottleneck for Macao Financial Sector: IMF

02/02/2022

The IMF proposes a multi-prong approach to bridge the skills gap and support the development of modern financial services in Macao.

Resolution & Recovery

India: Unity Small Finance Bank Takes Over PMC Bank Branches

01/02/2022

Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.

Credit Risk

Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks

30/01/2022

Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.

Anti-Money Laundering

Europol Outlines Different Ways Criminals Use Cryptocurrency

29/01/2022

A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.

Trading & Investment

KRX Chief Vows to Improve Investor Protection in Stock Market

28/01/2022

Sohn Byung-doo suggests lockup periods be imposed on executives following an IPO, and that companies be required to consider retail investors when processing spinoff IPOs.