Market Infrastructure

Market Infrastructure

PBOC Warns Credit Repair Firms Against Cheating Customers

By Sanday Chongo Kabange | 23/02/2022

Credit-repair service providers have been falsely telling customers they can change the information in the PBOC’s credit reporting system and delete records relating to overdue debts from credit reports.

Market Infrastructure

HK Budget Includes More Borrower Relief, Capital Market Reforms

By Manesh Samtani | 23/02/2022

Finance Secretary Paul Chan announced measures to further reform Hong Kong’s listing rules, promote the bond market, and introduce yuan share trading in the city.

Big Picture

GFMA Paper Outlines Benefits and Challenges of Wholesale CBDCs

By Editors | 23/02/2022

A wholesale CBDC must be crafted with public and private sector collaboration. Implementation timelines should be set cautiously.

Market Infrastructure

Japan FSA to Inspect FIs for Cybersecurity Effectiveness

By Editors | 22/02/2022

The FSA will carry out inspections to verify the effectiveness of cyber security systems at FIs. Common issues and good practices identified will be shared with the industry.

Market Infrastructure

Nepal to Become First Country to Deploy India’s UPI

By Editors | 21/02/2022

Nepal’s UPI is expected to be deployed over the next few months, with all the functionalities and features presently available in India.

Fintech / Regtech

Taiwan to Complete Second Phase of CBDC Trials By September

By Editors | 21/02/2022

Under the current design, a two-tier system is being used that will allow users to exchange bank deposits with the TWD digital currency.

ESG / Sustainability

Singapore Govt, MAS to Extend Support for Businesses

By Editors | 21/02/2022

MAS is extending its SGD facility to support SME lending. Singapore will target net zero emissions by or around 2050, which was previously the target for halving emissions.

Market Infrastructure

Bank Indonesia Deepens Ties with BOK Under New MoU

By Editors | 20/02/2022

The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.

Fintech / Regtech

Korea FSS Includes NFT, Metaverse Monitoring in Annual Work Plan

By Sanday Chongo Kabange | 20/02/2022

The FSS said it will strengthen its supervision of “new trading assets such as NFTs” and “prepare countermeasures” if necessary to protect consumers against damage.