LATEST NEWS

Big Picture

Multilateral Platforms Will Benefit Cross-Border Payments

By Sanday Chongo Kabange | 20/01/2023

New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.

Securities / Derivatives

CSRC Optimises Rules for PE Funds by Securities, Futures Firms

By Editors | 19/01/2023

The rules are aimed at improving the ability of private equity investments to serve the real economy and support innovative businesses.

ESG / Sustainability

EU Commission Launches Net Zero Industry Act

By ESG Investor | 19/01/2023

The act aims to increase funding for clean energy technologies across EU member states, including through a new European Sovereignty Fund.

Market Infrastructure

BOJ Seeks Greater Control Over Yield Curve With Rule Change

By Editors | 19/01/2023

Under the revised rules, the BOJ can provide FIs both fixed and variable-rate loans across a range of tenors up to 10 years.

Crypto / Digital Assets

BSP’s CBDC Testing to Continue in Sandbox Until 2024

By Editors | 19/01/2023

The BSP is testing large value CBDC transactions among a limited number of FIs. A retail  CBDC is not being explored.

India Proposes Changes to Insolvency and Bankruptcy Code

By Editors | 19/01/2023

The simplified process currently available to small firms under the IBC will be expanded to some larger firms, among other changes.

Crypto / Digital Assets

Crypto Firms Team Up to Accelerate Climate Action

By Mark Johnston | 19/01/2023

The partnership comprises the GBBC, Eqo Networks, BxCi, Solana Foundation, Ripple, Regen Network, and Climate Collective.

Crypto / Digital Assets

Thailand: New Crypto Custody Regulations Take Effect

By Tung Li Lim | 19/01/2023

The regulations provide clarity on the IT controls custody providers must have in place to mitigate cyber risks in their management of crypto wallets and keys.

AML / KYC

HKMA Consults on Changes to AML/CFT Guideline for Banks

By Manesh Samtani | 19/01/2023

Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.