CBDCs

SWIFT, Accenture Explore Real-world Implications of CBDCs

13/05/2021

SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

Credit Risk

CBIRC Offers New Model for Trust Firms to Dispose of Bad Assets

13/05/2021

Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.

Anti-Money Laundering

Philippine SEC Rates Securities Sector for Money Laundering

12/05/2021

The SEC found that investment houses and underwriters presented ‘medium-high’ risk, compared to ‘medium’ risk for the securities sector overall.

Cryptocurrency

Korean Lawmakers Push for Tougher Crypto Legislation

11/05/2021

Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.

Structural Regulation

CBIRC to Implement New Licensing Rules for FIs From 1 July

11/05/2021

Under the new rules, CBIRC supervised institutions will be classified into three categories – financial, insurance and insurance intermediary.

Structural Regulation

CFA Institute Launches Working Group to Examine SPACs

11/05/2021

The working group will publish a report in early 2022 and present its findings and policy recommendations, to US and global regulators.

Operational Risk

FSC Taiwan to Order LINE Bank to Improve Operations

11/05/2021

The FSC says LINE Bank’s report explaining its launch day system failure was not satisfactory. The regulator will ask the bank improves its operations.

Credit Risk

Korea Offers Additional Support to SMEs, Low-Rated Corporates

10/05/2021

The FSC has announced additional support for SMEs, low-rated companies, and corporate bond and CP issuers.

Trading & Investment

WEF Publishes Report Outlining Capital Market Use Cases of DLT

10/05/2021

The report calls for a balance between innovation and market safeguards through standardisation, the breaking down of silos and regulatory engagement.