The cooperation arrangements focus on bank resolution planning and its implementation for banks with cross-border operations.
March 28, 2023Foreign-funded institutions have become an "indispensable part" of the domestic financial system, said top official Lou Jiwei.
March 22, 2023Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
January 27, 2023Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.
January 17, 2023The mandatory buy-in regime would be used as a "measure of last resort”, activated only in the case where the “level of settlement fails would be substantial in the EU.”
December 27, 2022Bank of America will have to meet a higher capital buffer requirement, while China Construction Bank and BNP Paribas will have to meet a lower buffer requirement.
November 22, 2022The link will enable customers, tourists and merchants make and receive payments with convenience, speed, security, transparency and at low cost, the BOT and SBV said.
November 21, 2022BOK tested the use of its CBDC system to purchase NFTs, perform cross-border remittances, fulfill seizure orders, and automate AML/CFT monitoring and STR filings.
November 8, 2022The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.
October 20, 2022To avoid the disintermediation of banks, which would impede credit creation, the RBI suggested the CBDC would likely be non-interest bearing.
October 10, 2022