Events listed in Digital Finance
Political decisions needed urgently so that everyone can pay
ID 25545
In view of the changing payment landscape in Sweden, the Swedish Ministry of Finance conducted a study on the current payment ecosystem and on the role of the Swedish state in such earlier this year. The results of the study triggered some proposed targeted amendments to numerous Swedish acts and regulations as outlined in the two enclosed statements. The Swedish Central Bank Riksbank has ...
OCC to Host Symposium on the Tokenization of Real-World Assets and Liabilities
ID 25389
The Office of the Comptroller of the Currency (OCC) has announced an upcoming „Symposium on the Tokenization of Real-World Assets and Liabilities“ at the OCC’s headquarter in Washington, DC on February 8, 2024. The symposium aims to facilitate public discussion on the potential benefits of tokenizing real-world financial assets and liabilities to enhance financial settlement efficiency and reliability. The event will feature a keynote ...
BIS and central bank partners to explore protocols for embedding policy and ...
ID 25237
The Monetary Authority of Singapore (MAS) has published a press statement to inform that the Bank for International Settlements (BIS) and several central banks, including the Reserve Bank of Australia, Bank of Korea, Bank Negara Malaysia, and MAS itself, have launched Project Mandala. This initiative aims to explore the possibility of creating a common protocol for cross-border transactions by encoding jurisdiction-specific policy and regulatory ...
AI: Flipping the coin in financial services
ID 25232
Mrs. Jessica Rusu, Chief Data, Information and Intelligence Officer at the Financial Conduct Authority (FCA) recently held a speech titled „AI: Flipping the coin in financial services“ at the City and Financial Global: The AI Regulation Summit 2023. The key theme of the speech revolved around the potential benefits and risks associated with the adoption of Artificial Intelligence (AI) in the financial services industry ...
BIS and central banks of France, Singapore and Switzerland successfully test ...
ID 25130
The Monetary Authority of Singapore (MAS) has published a press release to inform of the successful conclusion of Project Mariana which was / is a collaborative project involving the Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland. The project aimed to test the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) using decentralized finance (DeFi) ...
HKMA Quarterly Bulletin and Half-Yearly Monetary and Financial Stability Report ...
ID 25121
The Hong Kong Monetary Authority (HKMA) has published its latest semi-annual Monetary and Financial Stability Report. The report provides an update on macroeconomic issues such as price stability and economic outlook and summarizes some key risks in the near future as they may materialize in the financial market. Some of the key points are briefly noted below; for more detailed, comprehensive information, please refer ...
HKMA publishes joint report on Project Sela
ID 24906
On September 12, 2023, the Hong Kong Monetary Authority (HKMA), in collaboration with the Bank of Israel and the Bank for International Settlements Innovation Hub (BISIH), released a joint report concerning Project Sela, a joint initiative by aforementioned entities to explore the (technical) feasibility of a retail Central Bank Digital Currency (rCBDC) system that encourages both competition and innovation in digital payments by allowing ...
Report on “The Digitalisation of Financial Services in Hong Kong: Recent ...
ID 24173
The Hong Kong Monetary Authority (HKMA) has issued a press statement to inform of a new report entitled „The Digitalisation of Financial Services in Hong Kong: Recent experience, regulatory developments and considerations for sustainable innovation and growth“ which was prepared by the Hong Kong Institute for Monetary and Financial Research (HKIMR). The report examines the factors that have driven digitalization in Hong Kong’s financial ...
Consultation on the Digital Securities Sandbox
ID 24144
Following the successful implementation of the EU DLT Pilot regulation and based on insights gained from some initial EU experience, the HM Treasury is now launching a consultation on a digital securities sandbox (DSS) in UK. With the proposed sandbox, the UK government recognizes the significance of new, innovative technologies and of digital assets which – according to the Treasury – could be „genuinely ...
Digitisation Taskforce
ID 24132
Last year, the UK government formed the Digitization Taskforce primarily with the aim to drive forward the modernization of the UK’s shareholding framework. Such modernization is expected to entail the elimination of paper share certificates for traded companies and the improvement of all processes within the share issuance, registration, recording, and transaction process. Further objectives were / are the replacement of cheques for cash ...