The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared.
December 14, 2023Five new industry pilots have been initiated. A new funds workstream and new digital infrastructure initiatives being launched.
November 16, 2023The PoC tested a theoretical CBDC and bank deposit tokens on a shared multi-entity distributed ledger to enable domestic and cross-border payments.
July 10, 2023Singapore's financial regulator also released an open-source toolkit for FIs to carry out assessment methodologies for FEAT (fairness, ethics, accountability and transparency) principles.
June 27, 2023Users can send USDC using USD funds in their Xapo Bank accounts, with no fees incurred. Any USDC received is instantly converted to dollars.
March 21, 2023Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
March 17, 2023The global implementation of the ISO 20022 standard beginning in March 2023 marks the start of an exciting new era for cross-border payments, says Kevin Wong.
February 22, 2023A former staff member of Norton Rose Fulbright is said to be a suspect in the tax fraud probe, which dates back more than a decade.
January 20, 2023Hanno Berger, considered a Cum-Ex mastermind, was sentenced to eight years in jail and ordered to repay EUR 13.7 million.
December 21, 2022Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.
November 17, 2022