One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.
HKMA says information sharing among banks will be key to tackling the new challenges in the fraud and financial crime landscape.
The report highlights the need for continuous investments in human capital and skills development to foster innovation.
The Singapore government's investment arm said its USD 5.46 billion net loss for the year ended March 2023 was due to the IFRS 9 requirement to account for unrealised mark-to-market losses on sub-20 percent investments.
The European Banking Authority (EBA) called upon EU central banks and financial regulators to do more to tackle money laundering/terrorist financing risk despite having made tangible progress through prudential supervision.
Using collateral reduces incentives for borrower screening and monitoring and can undermine the safe haven status of government securities.
The panel proposes short, medium and long term measures to increase the use of the rupee in cross-border transactions.
FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.
Model and data limitations are making it more difficult for banks to capture credit quality deterioration, which may lead to higher future bank losses and capital inadequacy, the BCBS says.
ASIFMA and KPMG said in a joint report that China's pension system reforms will create new opportunities for global asset managers.
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