BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia's CSD have now also enrolled.
February 8, 2022The IMF said the adoption of a cryptocurrency as legal tender entails "large risks" relating to financial stability, financial integrity, and consumer protection.
February 3, 2022The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.
February 3, 2022New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
January 28, 2022Hong Kong banks' exposures to the mainland property market warrant continued close monitoring and periodic stress testing.
January 24, 2022Banks and FIs should spend at 20 percent of their CSR funds on the environment and climate change mitigation and adaptation, up from 10 percent previously.
January 21, 2022A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.
January 14, 2022MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.
January 11, 2022Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.
January 3, 2022The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC's rules on network security.
December 29, 2021