ADVERTISEMENT
Capital / Liquidity
ISDA Chief Calls for Use of Common Risk Data Reporting Standard
By Ranamita Chakraborty | 14/06/2021
CRIF will reduce the risk data reporting burden, increase the accuracy and consistency of the information reported, and allow for more automation.
Enforcement
Japan FSA Orders Suspension of SBI Social Lending Unit
By Editors | 14/06/2021
SBI Social Lending Co solicited funds from investors with false or misleading information in lending agreements.
AML / KYC
UOB Pilots Digital Signing Capability via SingPass
By Editors | 14/06/2021
UOB is testing the use of GovTech’s ‘Sign with Singpass’ to allow a set of retail and corporate customers to confirm transactions and product applications.
Fintech / Regtech
El Salvador Becomes First Country to Allow Bitcoin as Legal Tender
By Editors | 13/06/2021
El Salvador president Nayib Bukele is inviting bitcoin miners to set up at a state-owned geothermal facility powered by a volcano.
Fintech / Regtech
BIS, BOE Launch Innovation Hub London Centre
By Editors | 12/06/2021
The launch is part of a plan to expand the global reach of the BIS Innovation Hub, which includes the opening of Centres in Toronto, Frankfurt, Paris and Stockholm.
Crypto / Digital Assets
Task Force Created to Align Digital Token Identifier With ISIN
By Editors | 12/06/2021
The task force is a joint collaboration between Etrading Software, the registration authority for the new ISO standard for DTIs, and ANNA.
Fintech / Regtech
FSC Korea Grants Preliminary Approval to ‘Kakao Insurance’
By Sanday Chongo Kabange | 11/06/2021
This first time the FSC has granted approval for digital insurance business to a new entrant that is not already an insurer.
Capital / Liquidity
BCBS Consults on Prudential Treatment of Cryptoasset Exposures
By Manesh Samtani | 11/06/2021
Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
Fintech / Regtech
French, Swiss Central banks Partner to Test Wholesale CBDC
By Sanday Chongo Kabange | 11/06/2021
Project Jura will investigate the potential benefits and challenges of wCBDC in settling cross-border payments.
Big Picture
WEF Publishes ‘Policy-maker Toolkit’ for Decentralised Finance
By Sanday Chongo Kabange | 10/06/2021
The report offers a range of policy actions that can be adopted for DeFi, ranging from the introduction of new licence types and imposing prohibitive measures to doing nothing at all.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team