CBDCs

Japan Starts Testing Central Bank Digital Currency

07/04/2021

The first phase of testing will involve experiments on the basic functions of the CBDC as a payment instrument.

Payments & Settlements

Thailand, Vietnam Launch Cross-Border QR Code Link

03/04/2021

The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.

CBDCs

PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing

01/04/2021

The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.

CBDCs

BOJ Forms Committee to Lead CBDC Testing in April

01/04/2021

The BOJ Liaison and Coordination Committee will share details and provide updates on the PoC with the private sector and the government.

Credit Risk

China Proposes Tighter Rules for Credit Rating Agencies

30/03/2021

The proposed rules seek to strengthen supervision of credit rating agencies, improve their independence and quality controls, and ensure more realistic ratings.

Emerging Prudential Risks

US Fed Creates Financial Stability Climate Committee

29/03/2021

The Financial Stability Climate Committee will compliment the Supervision Climate Committee, which focuses on addressing risks at individual banks.

Anti-Money Laundering

China Regulators to Punish Property Speculators for Loan Misuse

29/03/2021

Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.

Credit Risk

Thailand Unveils More SME Support, ‘Asset Warehousing’ Scheme

29/03/2021

The asset warehousing scheme allows debtors to transfer assets for debt settlement while allowing them the right to buy back these assets at a later date.

Climate Risk

NGFS Offers Climate Risk Guidance for Central Bank Monetary Operations

29/03/2021

The report outlines nine options for central banks to adjust their operational frameworks for monetary policy to account for climate-related risks.