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Capital / Liquidity
FSC Korea Unveils 12 Policy Initiatives in 2023 Work Plan
By Manesh Samtani | 31/01/2023
The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
Crypto / Digital Assets
JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries
By Editors | 31/01/2023
The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.
Fintech / Regtech
BOJ Examines Use of Privacy Enhancing Technologies for CBDC
By Mark Johnston | 29/01/2023
A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.
Enforcement
Morgan Stanley Fines Staff Over Use of Messaging Platforms
By Editors | 27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
Fintech / Regtech
New Network Launches to Facilitate Stablecoin, CBDC Transfers
By Editors | 27/01/2023
Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
Big Picture
Tokenisation Can Threaten Financial System Stability: Denis Beau
By Mark Johnston | 25/01/2023
Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.
Fintech / Regtech
BIS Paper Offers Technical Model for Assessing DeFi Risks
By Editors | 24/01/2023
The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.
Crypto / Digital Assets
NAB to Launch AUD Stablecoin Around Mid Year
By Manesh Samtani | 20/01/2023
NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.
Big Picture
Multilateral Platforms Will Benefit Cross-Border Payments
By Sanday Chongo Kabange | 20/01/2023
New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
Fintech / Regtech
China Releases New Data Standards for Public Fund Disclosures
By Editors | 18/01/2023
Funds should use technology to standardise and digitise disclosures of information on publicly-offered securities investment funds.
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