The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.
CBDC research provides an "essential opportunity" to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
The draft law expands the PBOC's role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
The new rules are aimed at providing certainty and appeal for overseas market participants to participate in the DCE's RBD palm olein futures market.
The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.
Over six years, an 86-year-old client entrusted money to the remisier for the purposes of buying shares but no shares were ever purchased.
The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.
The new copper futures contract will be traded on Shanghai's International Energy Exchange, and accessible to foreign investors looking to hedge their exposures in China.
A former district manager and former insurance agent each face one count of fraud in separate cases for submitting false income proof statements.
Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.