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Emerging Prudential Risks
US Fed Raises Interest Rates by Most Since in 28 Years
By Editors | 16/06/2022
The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.
Structural Regulation
Japan FSA Calls on Market to Complete LIBOR Transition Efforts
By Manesh Samtani | 09/06/2022
Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.
CBDCs
BOJ Releases Phase One Findings from CBDC Testing
By Editors | 01/06/2022
Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.
Tokenisation
SET, UOB Join SGX, Temasek as Investors in ADDX
By Editors | 25/05/2022
SET’s move to invest in ADDX reflects a trend towards a “new capital market landscape that emphasises continuity between the public and private markets”.
Tokenisation
ADDX, Fullerton Partner to Tokenise Private Equity Fund
By Editors | 11/05/2022
Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.
Market Risk
BOJ Conducts Further Consecutive Unlimited Bond Buying
By Editors | 21/04/2022
Yields have stayed close to the upper limit of the BOJ’s tolerated trading band despite recent moves to boost its purchases of government bonds.
Cloud & Infrastructure
Japan FSA Publishes Research on Overseas Data Collection Platforms
By Editors | 20/04/2022
A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.
Anti-Money Laundering
FSA Offers Update on Work to Strengthen Japan’s AML System
By Manesh Samtani | 17/04/2022
Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.
CBDCs
BOJ Offers Clues on Path Forward for CBDC Issuance
By Manesh Samtani | 15/04/2022
The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.
Credit Risk
BOJ Publishes Details on Planned Bank Examinations for Fiscal 2022
By Manesh Samtani | 05/04/2022
Key areas of focus for the BOJ will be to assess how banks are managing climate risk, credit risk, cross-border loans, and cybersecurity.
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