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CBDCs
Demand for Stablecoin, CBDC Not Yet Established: RBA
By Editors | 13/01/2020
A retail CBDC could ultimately hurt commercial banks, as it would translate to a fall in deposits and a reduction in the availability of funds for lending to households and businesses, the RBA says.
AI Risk & Governance
Technology to Drive Regulatory Agenda in 2020: Thomson Reuters
By Manesh Samtani | 09/01/2020
Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.
Anti-Money Laundering
MAS Adopts FATF Standards on VASPs in Payment Services Act
By Manesh Samtani | 28/12/2019
MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.
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.
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