CBDCs

Boston Fed, MIT Research Shows Potential For CBDC

10/02/2022

Project Hamilton produced a code base capable of handling 1.7 million transactions per second, 99% of which reached settlement finality in under one second.

Structural Regulation

Philippine SEC Proposes Fee Cap Guidance for Lending Companies

09/02/2022

The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.

Structural Regulation

BOK Decision to Halt FSS Funding to Increase Costs for Industry

08/02/2022

Financial firms are estimated to face increased costs of some KRW 20 million, on average, to make up for the loss of BOK funding.

CBDCs

China Showcases CBDC at Beijing Winter Olympics

08/02/2022

Observers say China’s “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.

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.