IMF economists urge for resistance against pressures to roll back regulation, as the post-crisis reform agenda is not yet complete and new risks continue to emerge.
A new white paper by ISDA and King & Wood Mallesons proposes a practical framework for constructing smart derivatives contracts.
Cybersecurity experts on the panel discussed the growing adoption by financial institutions of new technologies such as cloud services and open APIs.
The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.
In Japan, SBI Ripple Asia's new MoneyTap app will enable real time payments through bank accounts, phone numbers and QR codes.
The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.
Visa B2B Connect uses blockchain tech to enable faster, simpler and more secure processing of payments between participating banks on behalf of corporate clients.
Regulators considering a tiered approach, whereby facilities providers with larger amounts of stored value would be subjected to higher regulatory requirements.
Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.
The FSC said it plans to approve two more Internet-only banks next year, a day after a bill passes allowing non-financial firms to boost their ownership stakes in such banks.