The BOE will seek views from the public later this year about the possible issuance of a CBDC in the "second half of the decade" at the earliest.
Under the refinancing scheme, banks will be able to use central bank funds to provide low-cost small loans to individual customers.
The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.
The fourth sandbox cohort will focus on preventing fraud. Eight entities have also been selected to participate in the third cohort on MSME lending.
ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.
New research from the ValueExchange sheds light on the role legacy technology plays in the future growth of sell-side firms.
Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.
Analysis across KLD, Sustainalytics, Moody’s ESG, S&P Global, Refinitiv and MSCI finds significant differences in how indicators are measured.
Regulators also plan to launch a 'Digital Assets Committee' this month to bring additional safeguards and regulatory structure to Korea's crypto industry.
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