CBDCs

BOJ Releases Phase One Findings from CBDC Testing

01/06/2022

Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.

Structural Regulation

BSEC Tightens Circuit Breaker to Contain Stock Market Loses

01/06/2022

The lower limit was reduced from 5 percent to 2 percent. The upper limit was kept unchanged at 10 percent.

Emerging Prudential Risks

BCBS Progresses Work on Climate Risk, Crypto Assets

01/06/2022

The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.

Reporting & Disclosures

German Prosecutors Raid DWS Offices Over ESG Claims

01/06/2022

“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.

DeFi & Web3

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

Nature & Biodiversity

Australasia Investor Group Partners with TNFD on Nature-related Risk

31/05/2022

The partnership will help drive the consideration, input and uptake of the TNFD framework in the Australian and New Zealand markets.

Anti-Money Laundering

FATF Re-rates New Zealand for Progress on UBO Transparency

31/05/2022

The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.

Anti-Money Laundering

Bangladesh to Introduce Amnesty Scheme for Laundered Money

31/05/2022

The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.

Alternative Markets

Thailand Seeks to Become Venture Capital ‘Powerhouse’

31/05/2022

Bangkok is envisioned as a regional hub for innovation-focused investors, with the goal of attracting entrepreneurs and stimulating strategic partnerships globally.