Top Section/Ad
Top Section/Ad
Most recent
Highly anticipated report did not mention future role of AT1 capital
Surprising alignment on stablecoins and strong support for tokenised assets, but details are sparse
Using AI to facilitate credit decisions poses regulatory problems
Investors should feel more confident when BNPL products are regulated like mainstream consumer credit
More articles/Ad
More articles/Ad
More articles
-
With London, Frankfurt and Paris all having made progress in the past week in developing their offshore renminbi status, Luxembourg looked to have fallen behind. But Nicolas Mackel, CEO of Luxembourg for Finance, believes the city’s RMB credentials will support a leading role in the internationalisation of the currency. -
In a blow to London's ambitions, Frankfurt has become the first renminbi payment hub in Europe, with the People's Bank of China (PBoC) and the Bundesbank signing a memorandum of understanding on RMB clearing and settlement late last Friday (March 28).
-
The delayed implementation of Basel III by the Reserve Bank of India could give state owned banks facing capital pressures some much needed breathing space, according to Fitch.
-
Paris has joined London as the second city in Europe to be given access to the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme. The Rmb80bn ($12.9bn) quota enhances the city’s status as an offshore renminbi hub and opens to door to RMB clearing and settlement in the French capital.
-
The agreement this week between the UK and Chinese central banks on renminbi clearing and settlement in London has set the market alight with antipication of the appointment of a renminbi clearing bank for the City. The frontrunners for the appointment, which UK chancellor George Osborne said would take place soon, are thought to be three of the Big Four Chinese banks.
-
The US Securities and Exchange Commission (SEC) is deadlocked over changes that will let many money market funds keep their stable net asset value, rather than floating their asset value to make it clear that MMFs are investments, not deposits.
