The consultations cover transaction reporting, recovery planning, own funds, stress testing, and liquidity requirements for stablecoin issuers.
November 10, 2023Regulators will be able to check whether loss forecasting models are appropriately calculating provisions, and to order banks to set aside additional reserves.
November 3, 2023China will issue CNY 1 trillion of government bonds and allow local governments to front load part of their 2024 bond quotas.
October 27, 2023Companies seeking to purchase $50mn or more in dollars will now need approval from the PBOC, which is trying to stabilise the yuan.
September 12, 2023PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.
August 9, 2023The change is expected to free up around CNY 30-40 billion of capital, and provide a boost to markets.
August 7, 2023ECB will stop paying interest on minimum reserves, require weekly liquidity data, and impose capital add-ons for leveraged finance exposures.
August 1, 2023Former US Treasury official Brad Setser suggests China is concealing nearly half of its FX reserves within state-owned commercial and policy banks.
July 5, 2023The CBSL has lowered interest rates by 2.5 percent in a bid to restart credit flows and boost growth in the real economy.
June 3, 2023Stablecoins backed by non-fiat assets such as gold would have a 250% risk weight. Those backed by fiat currency would be treated the same as the underlying.
June 2, 2023