Digital Assets

CBDCs

BOJ Releases Summary Report on CBDC Legal Issues

By Editors | 27/12/2019

In light of the potential legal issues that may arise from a CBDC issuance by the Bank of Japan, more detailed discussion is needed.

Stablecoins

MAS Consults on Application of Payment Services Act to Stablecoins

By Manesh Samtani | 26/12/2019

MAS seeks views on whether stablecoin holders deserve the same regulatory protections as e-money, and whether other regulations should be introduced to maintain price stability.

Custody & Infrastructure

ICMA Publishes DLT Regulatory Directory and Brief

By Editors | 23/12/2019

The directory and brief seek to provide a non-exhaustive overview of recent DLT regulatory guidance, legislative initiatives, strategy papers and other publications in selected jurisdictions.

Capital Adequacy

BCBS Addresses Capital Requirements for “Crypto-Assets”

By Douglas Cheung | 23/12/2019

The BCBS consultation will likely give an indication of the banking industry’s mindset towards holding cryptoassets in the future, says Douglas Cheung at Wolters Kluwer.

Cryptocurrency

Cryptoasset Risk in Misalignment with Investor Profiles: OECD

By Editors | 18/12/2019

New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.

Custody & Infrastructure

NZ FMA Identifies Weaknesses in Fund Custody Arrangements

By Editors | 17/12/2019

An FMA review found that custody administration tasks are often being delegated back to fund managers, which weakens the separation of functions and duties.

Tokenisation

CPMI Offers Guidance for Designers of Wholesale Digital Tokens

By Editors | 12/12/2019

The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.

Emerging Prudential Risks

BCBS Solicits Comments on Prudential Treatment for Crypto Assets

By Manesh Samtani | 12/12/2019

The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.

Anti-Money Laundering

Japan Banks to Join JPM Blockchain Initative to Boost AML Measures

By Editors | 11/12/2019

Japanese banks are looking to use JP Morgan’s Interbank Information Network to bolster AML measures because it makes screening of cash recipients faster and more efficient.