International

Market Infrastructure

Bloomberg Issues Consultation on Potential Cessation of BSBY

By Manesh Samtani | 14/09/2023

In July, IOSCO effectively declared BSBY non-compliant. The administrator is now seeking feedback on whether to stop publishing the rate.

Crypto / Digital Assets

HKMA, Central Banks to Beta Test CBDC Interoperability Solution

By Editors | 14/09/2023

New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.

Market Infrastructure

Myanmar to Start Accepting Russian Mir Cards Next Month – Report

By Mark Johnston | 13/09/2023

Mir cards, established by the Central Bank of Russia, will be used in Myanmar as part of the military junta’s efforts to stabilise the kyat.

Crypto / Digital Assets

BIS Innovation Hub Unveils Findings from CBDC Project “Sela”

By Editors | 13/09/2023

The collaboration with HKMA and Bank of Israel demonstrated that retail CBDC can support access, cyber security and competition, while retaining cash features.

ESG / Sustainability

How APAC Financial Institutions Can Meet Market Expectations on Nature

By Wolfram Hedrich | 13/09/2023

In the countdown to the TNFD framework launch, the region’s financial sector is still a long way from including nature risk in business decisions, says Wolfram Hedrich.

HKMA Chief Appointed to Key BIS Post to Support Emerging Markets

By Editors | 13/09/2023

HKMA chief Eddie Yue was appointed Chair of the meeting of Governors of major emerging market economies for three years.

ESG / Sustainability

OECD Launches Governance Principles for Green Transition

By ESG Investor | 13/09/2023

The revised G20/OECD Principles of Corporate Governance were also endorsed at the G20 Leaders Summit in India at the weekend.

Crypto / Digital Assets

JPMorgan Seeks Regulatory Approval to Launch ‘Digital Deposit Token’

By Editors | 13/09/2023

The deposit token would represent a digital claim against a commercial bank deposit, and could be used for instant payments and settlements across the financial system.

Capital / Liquidity

BCBS Completes Stocktake of Lessons from March Banking Turmoil

By Editors | 12/09/2023

The BCBS will prioritise work to strengthen supervisory effectiveness and analyse whether specific Basel III features performed as intended.