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On May 12th, yields on long-term UK government bonds surged. The yield on 20-year bonds rose to 5.734%, the highest since July 1998, up 12 basis points on the day; the yield on 30-year bonds rose to 5.794%, the highest level since May 1998, up 11 basis points on the day. The main reason for the sharp rise in yields was the further weakening of Prime Minister Starmers governing position, with a growing number of Labour MPs calling for his resignation. The rise in long-term bond yields reflects, to some extent, concerns about fiscal sustainability. UK bond investors are worried that Starmers successor may further increase borrowing. Financial markets are closely watching for signs of significant divisions among members of the UK government cabinet.May 12th - The US April CPI is expected to rise 3.7% year-on-year, marking the largest increase since September 2023; the March increase was 3.3%. The core CPI, excluding food and energy prices, is projected to rise 0.3% last month, and is likely to be rounded to 0.4%. March saw a 0.2% increase. The US Bureau of Labor Statistics, which compiles the CPI report, is expected to make a one-time adjustment to rents and landlord-equivalent rents. Lou Crandall, chief economist at Wrightson ICAP, stated, "The April report will include actual data for this portion of the rent sample, which should have a significant catch-up effect. We expect this particular factor to increase the core CPI increase by about 0.1 percentage points for the month."ECB Governing Council member Nagel: The baseline scenario includes two rate hikes.ECB Governing Council member Nagel: Our mission requires us to act when inflation expectations become unanchored, and we will see the results in June.May 12 - A shortage of ink caused by the Middle East conflict has forced Japans largest potato chip manufacturer to downgrade its packaging, the latest sign that the raw material shortage is worsening and impacting global markets. Tokyo-based snack company Calbee said on Tuesday it will temporarily adjust the packaging design of some of its most popular products, using only two ink colors. These products include potato chips, shrimp crackers, and fruit cereals.

Australian Regulatory Body Reveals 4-Years Crypto Policy Roadmap

Cory Russell

Apr 22, 2022 09:55


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The Objective Is to Complete the Blueprint by 2025.

The Russian Finance Ministry has unveiled a law to regulate cryptocurrency.


The Australian Prudential Regulation Authority (APRA) released its objectives and policy roadmap for crypto risk management today.


The regulatory authority will be looking at crypto assets and all of the risks that come with investing in them, according to this.

Australia Examines the Dangers of Cryptocurrency

ARPA announced that it will begin with risk management requirements for all regulated businesses engaged in cryptocurrency-related activities as soon as possible.


Before participating in operations involving crypto-assets, the regulatory body requires all crypto-related firms to complete proper due diligence and a full risk assessment, according to the regulatory body. They must also have measures in place to minimize any hazards that may arise.


They should also follow all Australian Securities and Investments Commission conduct and disclosure regulations (ASIC).


In addition to this, the Prudential Regulation Authority is working to build a broad crypto regulatory framework. "APRA is creating the longer-term prudential framework for crypto-assets and associated activities in Australia in cooperation with other regulators abroad, to ensure uniformity in approach," according to the release. 


The Basel Committee is consulting on the prudential approach for bank exposures to crypto-assets for authorised deposit-taking institutions (ADIs). 3 This will serve as the foundation for globally recognized minimum ADI criteria, as well as a starting point for prudential expectations in other APRA-regulated businesses."


ARPA has devised a four-year strategy, beginning in 2022, in which it will smooth out all of the kinks in crypto-assets and other operational hazards.

Australia has decided to join the band

While no particular crypto regulatory legislation has been presented in Australia, the country is on the verge of enacting one. Meanwhile, some nations, including as Russia, have already taken steps in this direction, with the Ministry of Finance's draft crypto laws.


The law would establish new regulations for the trading and mining of cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others), with the operators of exchanges and digital trading platforms being licensed and regulated by a Russian government authority.

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