ADVERTISEMENT
Crypto / Digital Assets
BIS Innovation Hub Completes Wholesale CBDC Experiment
By Editors | 03/12/2020
BIS Innovation Hub, the Swiss National Bank, and SIX compared the feasibility of issuing a wholesale CBDC versus linking the existing payment system to a distributed ledger.
Market Infrastructure
NZFMA Starts Publishing New OCR Compound Index
By Sanday Chongo Kabange | 03/12/2020
The OCR compound index provides market participants with a standardised method of calculating term risk-free interest rates in arrears.
Securities / Derivatives
CSRC Investigates SOE and Auditor Over Bond Default
By Manesh Samtani | 03/12/2020
SOE defaults could pave the way for increased transparency, faster resolutions and more predictable outcomes for investors in the long run.
Big Picture
MAS Urges Underwriting Prudence as Credit Risks Rise
By Manesh Samtani | 03/12/2020
Banks should maintain prudent credit underwriting standards and continue to actively manage foreign currency risks, MAS says in its financial stability review.
Market Infrastructure
MAS Proposes to Make Data Breach Offences Compoundable
By Manesh Samtani | 03/12/2020
MAS would be able to take tougher actions against breaches that do not meet the threshold of a criminal prosecution but call for stronger penalties.
Big Picture
Pandemic Cited as Top Financial Stability Risk for 2021: DTCC
By Editors | 03/12/2020
The Covid-19 pandemic ranks as the greatest threat to global financial stability in 2021, according to a new survey published by DTCC.
Market Infrastructure
Lloyds UK Launches First Live Link of ‘SWIFT gpi Instant’
By Editors | 03/12/2020
Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency.
Market Infrastructure
HKMA Unveils New FPS Feature Allowing Link to HKID
By Sanday Chongo Kabange | 02/12/2020
From 6 December onwards, individuals can link their HKID numbers to a bank account to conveniently receive payments, the HKMA said.
Market Infrastructure
Singapore Launches Initiative to Groom Future Private Bankers
By Editors | 02/12/2020
Private banks aim to offer 200 undergraduate traineeship positions over the next three years, benefitting from the Work-Study Support Programme recently launched by MAS.
Market Infrastructure
RBI Chief Calls for Smooth Transition from LIBOR
By Sanday Chongo Kabange | 02/12/2020
Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team