Market Infrastructure

Fintech / Regtech

Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar

By Sanday Chongo Kabange | 16/08/2020

Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.

Capital / Liquidity

Bank Capital in a Public Health Crisis: Reflecting on Twin Challenges 

By Jamie Lloyd Evans | 16/08/2020

Industry veteran Jamie Lloyd Evans discusses Basel III in light of concerns regarding capital adequacy and bank lending, and offers some thoughts on potential design improvements to the capital framework.

Fintech / Regtech

UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot

By Sanday Chongo Kabange | 16/08/2020

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.

Market Infrastructure

Korea Kicks Off First Meeting of New Green Finance Task Force

By Manesh Samtani | 13/08/2020

The task force will establish a monitoring system for climate-related financial risks, lead efforts to boost investment in green industries, and promote ESG investing in Korea.

Securities / Derivatives

Singapore Fund Managers Expect Covid to Accelerate ESG Investing

By Manesh Samtani | 13/08/2020

A new survey by IMAS found that two-thirds of Singapore fund managers expect the adoption of ESG investing to accelerate as a result of the Covid-19 pandemic.

Market Infrastructure

MAS Official Warns of Financial Sector Job Losses in H2

By Editors | 13/08/2020

Supporting the local workforce in the financial sector during the crisis is a priority for MAS, according to deputy managing director Jacqueline Loh.

Market Infrastructure

RBNZ Announces Expansion of Large-Scale Asset Purchases

By Editors | 12/08/2020

The RBNZ has expanded its quantitative easing programme to NZ$100bn and signalled a willingness to enter negative OCR territory, in response to Covid-19 related uncertainty.

Market Infrastructure

StanChart to Move Core Systems to Cloud in 3 Years

By Editors | 12/08/2020

Core banking and trading systems, and new digital ventures such as virtual banking and banking as-a-service, will be cloud-based by 2025 subject to regulatory approvals.

Market Infrastructure

PBOC Clearing Arm to Adopt Blockchain for Letters of Credit

By Lucy Zhang | 12/08/2020

The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.