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Crypto.com says balance sheet strong, exchange not in trouble

SINGAPORE-BASED crypto exchange Crypto.com’s chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks.

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Yuan ends at 2-month high on firmer guidance, policy support for property sector

CHINA’S yuan finished the domestic trading session at a near two-month high against the dollar on Monday (Nov 14), after the central bank lifted its official guidance fixing by the most since 2005, when Beijing abandoned the currency’s decade-old peg against the greenback.

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Bitcoin splits from global markets to slide all on its own

THE distress spread across cryptocurrencies by the meltdown of Sam Bankman-Fried’s FTX is fracturing the link the tokens once had with other financial assets, a sign that Bitcoin’s influence on global markets may be diminishing.

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Asian fund managers lag global peers in ESG due diligence on deals: poll

ASIA-HEADQUARTERED fund managers have much to do to catch up in terms of environmental, social and governance (ESG) efforts, found a report by international law firm Morrison Foerster published on Monday (Nov 14).

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Regulations cannot protect consumers from losses in crypto markets, says MAS

THE Monetary Authority of Singapore (MAS) has called on consumers to “exercise utmost caution when trading in cryptocurrency,” in its responses to queries about FTX and its operations here.

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Bank of Japan’s Kuroda vows to continue monetary easing for now, focuses on wage

BANK of Japan (BOJ) governor Haruhiko Kuroda said on Monday (Nov 14) the central bank would stick to monetary easing to support the economy for the present in order to achieve sustainable and stable inflation accompanied by wage growth.

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Singapore Fintech Festival draws largest turnout since inception

THE Singapore Fintech Festival (SFF) this year drew the largest turnout yet, receiving a record 62,000 participants from over 115 countries, the highest since its inception in 2016, said organiser Monetary Authority of Singapore (MAS) on Monday (Nov 14).

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Federal Reserve may cut size of hikes, but not ‘softening’ fight against inflation: Waller

THE US Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” in its commitment to lower inflation, Federal Reserve Gov. Christopher Waller said on Sunday.

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Indonesia sees swift passage of sweeping financial reform

INDONESIA will make another attempt to enact far-reaching reform for its financial system that could include expanding the central bank’s mandate and paving the way for debt monetisation during crises.

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Australia’s ANZ to pay A$42m to settle consumer credit insurance lawsuit

AUSTRALIA and New Zealand Banking Group on Monday said it would contribute A$42 million (S$38.5 million) to settle a class action lawsuit brought by law firm Slater & Gordon in 2020 over the sale of three consumer credit insurance products.

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