Authorised institutions should review and strengthen stress testing frameworks and practices taking account of BCBS' stress testing principles, the HKMA says.
The 'Trade Information Network' is expected to be production-ready by Q3 2019, representing the "first inclusive global multi-bank, multi-corporate network in trade finance".
All payments during the trial were processed end-to-end within 60 seconds, demonstrating the service's capabilities to scale and integrate with other real-time payment systems.
The Qianhai Mercantile Exchange, controlled by HKEX, unexpectedly began spot trading in alumina on Friday, according to a Reuters report.
Japan's financial infrastructure may come under attack in the lead-up to the 2020 Tokyo Olympics, the FSA says as it prepares to guard against potential large-scale incidents.
HSBC could become the first foreign firm to list on the Shanghai Stock Exchange through a new Stock Connect link with London, slated to go live at the end of the year.
SWIFT and NPP Australia have launched a new secure testing environment allowing fintechs to test the capabilities of Australia's new payments system via APIs.
The information paper is aimed at assisting financial institutions to prepare for BEAR implementation, and helping the largest of them refine and embed the regime.
The results of the study prove that distributed ledger technology’s performance can scale to meet the needs of markets of different sizes and maturity, says DTCC's Murray Pozmanter.
E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.