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Cryptocurrency
Crypto Firm Hodlnaut Applies for Judicial Management in Singapore
By Editors | 18/08/2022
The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at “depressed asset prices”.
Liquidity Risk
China to Issue Guarantees on Bonds Issued by Developers
By Editors | 17/08/2022
State-owned China Bond Insurance will give unconditional and irrevocable joint liability guarantees for batches of bond sales in the interbank market.
Cryptocurrency
Fed Issues New Guidance to Banks Engaging in Crypto Activity
By Manesh Samtani | 17/08/2022
Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.
Credit Risk
Korea to Launch Small Business Loan Refinancing Programme
By Editors | 17/08/2022
Banks and nonbank lenders will offer refinancing of business loans taken by self-employed and small merchants with interest rates of 7 percent or higher.
Credit Risk
Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees
By Editors | 16/08/2022
The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.
Credit Risk
Property Crisis Prompts Unexpected Rate Cuts from PBOC
By Editors | 16/08/2022
Property developers have lost about $55bn in share value and $35bn in their debt value since the beginning of the year.
Conduct, Culture & Accountability
RBI Directs Lenders to Clean Up Debt Collection Practices
By Editors | 15/08/2022
Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.
Credit Risk
China Banking Association Offers Guidance on Accounting Standards
By Editors | 15/08/2022
The guidelines will help to standardise banks’ practices for valuing financial instruments and improve the comparability of reported financial indicators.
Cryptocurrency
Thailand to Improve Protections for Crypto Investors
By Editors | 15/08/2022
The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.
Capital Adequacy
China Allows Insurance Companies to Issue Perpetual Bonds
By Editors | 15/08/2022
From 9 September, insurers can issue perpetual bonds to boost their capital levels, the PBOC and CBIRC said in a new notice.
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