ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
November 14, 2022The results highlight a need for banks to use common assumptions within their models, refine their analysis of individual companies, and enhance their methodologies.
August 29, 2022The FSA and BOJ have started sharing information reported by FIs using common templates and are establishing a new data platform to collect granular data from the industry.
July 18, 2022A shift away from bank deposits may not occur if banks offer "smooth exchange of CBDC and deposits" and "attractive services related to CBDC".
July 15, 2022The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.
June 16, 2022Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are "still widely used" by Japanese FIs and corporates.
June 9, 2022Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.
June 1, 2022Yields have stayed close to the upper limit of the BOJ’s tolerated trading band despite recent moves to boost its purchases of government bonds.
April 22, 2022A survey of overseas authorities was conducted to inform the development of a "joint data platform" that will be used by both the FSA and BOJ.
April 21, 2022The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.
April 15, 2022