Stablecoins

NYDFS Issues Regulatory Guidance for Stablecoin Issuers

09/06/2022

The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.

Fraud, Scams & Cybercrime

Two Taiwan Banks Fined Over Misappropriated Customer Funds

09/06/2022

Mega Bank and Huanan Bank were each fined TWD 4 million fine for internal control failures which allowed cashiers to misappropriate customer funds.

Trading & Investment

Shanghai Bourse Streamlines Process for Credit Bond Issuance

09/06/2022

The SSE says the enhanced review process for credit bond issuance and listing is simpler, more clear, and more transparent.

Credit Risk

Bangladesh Bank Introduces New Facility to Finance Microloans

09/06/2022

Under the refinancing scheme, banks will be able to use central bank funds to provide low-cost small loans to individual customers.

Clearing & Post-Trade

HKEX Issues Final Guidance Ahead of VaR Platform Launch

09/06/2022

The information package will help clearing participants make final preparations for the launch of the new new risk engine on 13 June.

Cryptocurrency

US SEC Reportedly Probing Binance 2017 Token Offering

09/06/2022

The SEC is also investigating market making companies owned by Binance’s CEO and whether company insiders may have engaged in trading abuses.

Operational Risk

CBIRC Fines Two Banks, Wealth Management Subsidiaries

09/06/2022

Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.

Emerging Prudential Risks

RBA Raises Interest Rates the Most in 22 Years

09/06/2022

Australian Treasurer Jim Chalmers suggested that inflation could worsen and more rate hikes could come.

Climate Risk

Taiwan Banks to Undergo Climate Change Stress Tests in 2023

08/06/2022

The local banking association is developing the climate-change stress tests, the content of which will be finalised by the end of this year.