ADVERTISEMENT
CBDCs
BOJ Seeks Simple CBDC Design That Promotes Competition
By Editors | 17/10/2021
While the BOJ still has no plan to issue CBDC, the inability to ensure interoperability with other countries could create issues for Japan.
Clearing & Post-Trade
ICMA Launches Initiative to Standardise Repo Documentation
By Editors | 17/10/2021
ICMA will work to develop an industry-wide taxonomy and clause library for repo trade documentation to improve efficiency in debt markets.
Conduct, Culture & Accountability
FMA Finalises Guidance on Advertising of Financial Products
By Sanday Chongo Kabange | 17/10/2021
The FMA will take action against false, misleading, deceptive or confusing advertising, depending on the severity and level of misconduct.
Payments & Settlements
PBOC Tightens Rules on Use of Payment Acceptance Terminals
By Mark Johnston | 17/10/2021
The geographical location of bank card and barcode payment acceptance terminals must be established and monitored to ensure consistency with the merchant’s registered location.
Structural Regulation
CBIRC Tightens Rules for Major Shareholders of Banks, Insurers
By Manesh Samtani | 17/10/2021
The rules prohibit major shareholders from concealing their equity relationships, interfering with operations, and engaging in connected transactions.
Trading & Investment
S. Korea Cabinet Approves Measures to Enhance ABS Market
By Editors | 15/10/2021
The revisions abolish requirements that only allow companies with BB ratings or above to issue ABS. Businesses will also be able to securitise future assets and intellectual property rights.
Conduct, Culture & Accountability
APRA Concludes Pilot Risk Culture Survey With 10 Insurers
By Editors | 15/10/2021
Based on responses from almost 7,200 insurance employees, APRA found some of the lowest scores in risk governance and controls.
Conduct, Culture & Accountability
IMF Ends Data Manipulation Probe Into Kristalina Georgieva
By Editors | 14/10/2021
The IMF’s executive board reaffirmed its “full confidence” in Georgieva after it could not “conclusively demonstrate” that she played an improper role at the World Bank.
Clearing & Post-Trade
JSCC Sets Date for Bulk Conversion of LIBOR Swaps
By Editors | 14/10/2021
Japan Securities Clearing Corporation will conduct a bulk conversion exercise during the weekend of 4–5 December to convert JPY LIBOR contracts to TONA contracts.
Payments & Settlements
More Than 100 Banks Sign On to Adopt ‘SWIFT Go’
By Editors | 14/10/2021
SWIFT Go is an instant cross-border payments service for SMEs and retail customers that was launched at seven banks in July.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.