The 11 banks which agreed to deposit $30bn into First Republic Bank last week are considering a direct capital infusion into the bank.
March 21, 2023New FSC taskforce will work on measures to help FIs expand and invest overseas and address issues that prevent global firms from entering the Korean market.
March 16, 2023CDP's annual disclosure request this year is on behalf of 746 FIs across 40 countries. Firms are asked to disclose on plastics for the first time.
March 14, 2023Under a draft royal decree approved by lawmakers, corporate income tax and VAT will be waived for companies issuing digital tokens for investment purposes.
March 10, 2023The 6 percent GDP decline in the adverse scenario makes it the most severe scenario ever used in the EU-wide stress test.
February 2, 2023Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using "borrowed" accounts for personal trading.
January 29, 2023China's e-CNY system can also now capable handle offline payments, and "tap to pay" can function when devices are powered off.
January 18, 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 strategic plan focuses on creating more opportunities for businesses and investors and ensuring the SET can accommodate capital market growth.
January 17, 2023The equivalence decision is expected to reduce audit costs, improve audit efficiency, and deepen Sino-Swiss economic, trade and financial cooperation.
January 2, 2023