Credit Risk

China’s Bad Debt Managers to Help Finance Property Firms

17/01/2023

The PBOC will channel CNY 80 billion of loans through the bad debt managers, who are asked to match the amount with their own funds.

CBDCs

Chinese Securities Firm Switches on CBDC Payment Option

17/01/2023

China’s e-CNY system can also now capable handle offline payments, and “tap to pay” can function when devices are powered off.

Supervision & Enforcement

Korean Savings Banks Directed to Improve Internal Controls

17/01/2023

New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.

Conduct, Culture & Accountability

EU Regulators to Scrutinise Financial Product Marketing

17/01/2023

A review will be undertaken this year to assess whether marketing and advertising comply with MiFID II disclosure rules.

Payments & Settlements

Non-Resident Indians Allowed to Make UPI Transfers

17/01/2023

NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.

Clearing & Post-Trade

India to Complete Transition to T+1 on 27 January

17/01/2023

All large-cap and blue-chip stocks will move to the shortened T+1 settlement cycle on 27 January. Market liquidity and trading volumes are expected to improve.

Sustainable Finance

Shanghai Seeks to Add ‘Green Equities’ to Stock Connect

17/01/2023

The Shanghai regulator is also seeking to explore the possibility of adding bond targets to the Hong Kong Stock Connect.

Cryptocurrency

Korea FSS to Develop Crypto Market Monitoring Tool

17/01/2023

At a forum on Monday, FSS governor Lee Bok-hyun also said accounting standards will be established to require companies to disclose their crypto exposures.

Stablecoins

Iran, Russia Working on Gold-Backed Stablecoin – Report

17/01/2023

The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.