MAS is honoured to have Dr Yi Gang, President of China Society for Finance and Banking as the speaker for the MAS Lecture 2023. The Lecture provides a platform for a distinguished member of the international financial community to speak on issues of current interest to a gathering of central bankers, regulators and industry players from Singapore and the region. Dr Yi spoke on “CBDC from China’s perspective”. Dr Yi shared how China established its own digital currency, the e-CNY, its usage as well as its progress so far.
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#CBDC when will this happen and how ready are global central banks working on this? Firstly, it takes a lot of mindsets shift from all leaders not just in banking... How are they discovering the full potential of central bank digital currencies (CBDCs)? Like it or not, more than 90% of central banks are engaging in some form of CBDC work and some of the largest commercial banks and exchanges in the world have already started with institutional or private stablecoins. #ASEAN is taking advantage of the new digital economy, regulated market are in works of leveraging on full potential and benefits of digital currencies while many care considerations is in act. With high request, we will insert this vital conversation on day 1 Business Leadership roundtable session 28th November. #startup #smes #investment #investors #finance
MAS is honoured to have Dr Yi Gang, President of China Society for Finance and Banking as the speaker for the MAS Lecture 2023. The Lecture provides a platform for a distinguished member of the international financial community to speak on issues of current interest to a gathering of central bankers, regulators and industry players from Singapore and the region. Dr Yi spoke on “CBDC from China’s perspective”. Dr Yi shared how China established its own digital currency, the e-CNY, its usage as well as its progress so far.
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Who will benefit from a Digital Euro? In our new Portfolio series, Thibault de Barsy, Vice-Chairman and General manager of The Payments Association EU, highlights how the ECB’s digital currency could compete directly with commercial banks and introduce possible risks to the credit market. Read more: bit.ly/3pGuTiS #payments #digitalcurrency #euro #technology #digitaleuro #digitalassets #finance
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Read #FitchRatings latest #Bank #Regulation Monitor update to find out about implementation of final #BaselIII rules, interconnection between banks and #NBFIs, bank resolution practical implementation, and capital buffers are among the key regulatory announcements captured. Learn more: https://lnkd.in/dq2dzNZf
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Have you bookmarked Fitch's Bank Regulation Monitor yet? It's your digest of all the latest bank regulatory updates and their perceived impact on banks' credit profile.
Read #FitchRatings latest #Bank #Regulation Monitor update to find out about implementation of final #BaselIII rules, interconnection between banks and #NBFIs, bank resolution practical implementation, and capital buffers are among the key regulatory announcements captured. Learn more: https://lnkd.in/dq2dzNZf
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- Mega International Commercial Bank has ceased currency exchange settlements for online credit cards due to concerns over legal compliance raised by peers and regulators. - The decision followed a reduction in fees to NT$10 per settlement, prompting worries about potential violations of lending regulations. - Concerns were fuelled by past issues related to underregulated promotion of cash advances in Taiwan's credit card market, prompting Mega Bank to halt the disputed service to address potential misunderstandings and regulatory compliance. To know more, read the full article on #theenterprise #bank #currency #transaction #foreign #commercial #globalbusiness #theenterprisenews #followformore #global
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Associate Editor - Financial Services at Capital Brief. Business, Economics, Politics. We break stories down, we don't beat them up
just remember, global #banking #regulators aren't trying to stop banks failing - they're trying to stop collateral damage when it happens. #SVB #creditsuisse Bank for International Settlements – BIS Australian Prudential Regulation Authority . But #socialmedia is a growing concern. Here's my analysis of latest regulatory pronouncements on Capital Brief https://lnkd.in/gvE959nU
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why not state bank introduce his own digital application and started shifting consumer from paper currency to Digital Currency. it will help to minimize the expenses of the Country because cost of maintenance on digital platform is very low as compare to the cost of issuing new paper currency #statebankofpakistan
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3moBonne nouvelle pour le futur du monde