Capital Planning/Stress Testing

HKMA issues discussion paper on retail CBDC issues

The Hong Kong Monetary Authority (HKMA) has launched a discussion paper to gather views on the key issues surrounding a retail central bank digital currency (CBDC).

Thailand bans cryptocurrency use for payments

Thailand’s Security and Exchange Commission (SEC) has revealed it will introduce a ban on crypto as a method of payment from April 1 this year.

Bank of Canada and MIT collaborate on CBDC project

The Bank of Canada and the Massachusetts Institute of Technology (MIT) will collaborate on a 12-month project exploring central bank digital currencies (CBDCs).

Thailand eases crypto tax regulations to promote digital asset investments

Thailand’s finance ministry has loosened regulations around crypto tax in order to foster investment in the country’s digital asset market.

Cambodia introduces code of conduct for banks and FIs

Cambodia has unveiled a code of conduct for banks and financial institutions with the aim of promoting more effective and responsible banking and financial practices.

Best Execution requirements officially introduced in Singapore

The Monetary Authority of Singapore (MAS) has revealed that Best Execution practices must be provided by capital markets intermediaries to their customers.

Korea’s FSC alters rules to promote business expansion overseas of FIs

Korea’s Financial Services Commission (FSC) has approved a set of regulatory revisions to help facilitate financial institutions’ overseas operation and investment activities.

European Parliament postpones crypto regulation vote amid backlash

The European Parliament has postponed a vote on crypto asset regulation after a leaked draft included a provision that sought to ban cryptocurrencies.

BIS unveils green bond fund to finance sustainable projects in APAC

The Bank for International Settlements (BIS) has launched a green bond fund that is dedicated to aid the financing of green projects in Asia Pacific.

China defers new AML rules amid pushback and privacy concerns

The People Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to technical reasons.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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