The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.
BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.
ASIC says it is aware that illiquid assets have been difficult to value amid the pandemic, but asserts that it is precisely in this context that valuations are most important.
Australia’s competition watchdog says the banks’ warnings against screen scraping security risks do not constitute anti-competitive conduct.
The FSS reportedly wants to determine why redemptions in some structured notes linked to Singapore trading firms have been frozen.
The proposed reforms would allow financial services groups operating in Hong Kong to offset the profits of one group company against losses in another.
PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.
The Asia Institute of Digital Finance will be jointly operated by MAS, the National Research Foundation and the National University of Singapore.
A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.
Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.