BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia's CSD have now also enrolled.
The sale was announced after it became clear from dialogue with federal regulators that "the project could not move ahead”.
The IMF proposes a multi-prong approach to bridge the skills gap and support the development of modern financial services in Macao.
Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.
Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.
A new Europol report highlights that the illicit use of crypto includes "all types of crime that require transfers of monetary value".
Sohn Byung-doo suggests lockup periods be imposed on executives following an IPO, and that companies be required to consider retail investors when processing spinoff IPOs.
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.
The platform is expected to help wealth management companies expand and enhance their product sales channels - especially the WMC units of smaller-scale banks.