The $6mn in penalties against state-owned banks follows last week's unveiling of what will be China's first unified piece of national legislation on the protection of personal data.
October 23, 2020The SGFC is Singapore's first research institute dedicated to green finance research and talent development and is support by MAS and nine partner financial institutions.
October 14, 2020Under the rules, China’s G-SIBs must have loss-absorbing capacity amounting to at least 16 percent of risk-weighted assets starting from 1 January 2025.
October 1, 2020The LIBOR transition opens the door to a fundamental rethink of the use of data and technology, and how firms provide products and services to customers, says Bloomberg's Bing Li.
September 15, 2020Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.
September 3, 2020State lender Eximbank is the first financial institution in South Korea and the third in Asia to issue SOFR-linked bonds.
August 21, 2020The 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.
August 16, 2020Supporting the local workforce in the financial sector during the crisis is a priority for MAS, according to deputy managing director Jacqueline Loh.
August 13, 2020The 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.
August 12, 2020PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.
August 7, 2020