The Reserve Bank of India (RBI) has announced a significant expansion of the Liberalized Remittance Scheme (LRS) for International Financial Services Centers (IFSCs) like GIFT […]
Category: Government
BIS Innovation Hub’s Project Nexus Gears Up for Live Implementation
Nexus is a BIS Innovation Hub project that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems (IPS) globally. It is the […]
UK and Singapore Forge Path for Sustainable Finance and FinTech Innovation
The United Kingdom and Singapore recently concluded their 9th UK-Singapore Financial Dialogue, solidifying their commitment to collaboration in sustainable finance and FinTech innovation. This insightful […]
Basel Committee Strengthens Counterparty Credit Risk Management with New Guidelines
The Basel Committee on Banking Supervision (BCBS) has published a consultation document outlining new guidelines for counterparty credit risk (CCR) management. These proposed guidelines aim […]
G7 Strengthens Financial Sector Resilience with Cross-Border Cyber Exercise
The G7 Cyber Expert Group (CEG) successfully completed a cross-border coordination exercise on April 17th, 2024, simulating a large-scale cyberattack on financial institutions across all […]
Central Banks Join Forces to Explore Blockchain-Based Payments System: Project Agorá
The Bank for International Settlements (BIS), along with central banks from seven major economies, announced a groundbreaking initiative called Project Agorá. This project aims to […]
ECB and EBA Spearhead Efforts for Efficient Banking Industry Data Reporting
In a landmark move towards enhancing efficiency and reducing costs in the banking industry, the European Central Bank (ECB) and the European Banking Authority (EBA) […]
FM urges RBI to hold monthly meetings to address fintech sector’s concerns
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired a strategic meeting with leaders from the startup and fintech communities in New Delhi. The […]
EU Adopts Instant Payments Regulation to Expedite Fund Transfers
The European Union (EU) has enacted new regulations to ensure swift fund transfers to the bank accounts of retail clients and businesses across its member […]
UPI and RuPay Expand Reach: India Strengthens Digital Ties with Sri Lanka and Mauritius
In a historic move for South Asian connectivity, the Unified Payment Interface (UPI), India’s popular digital payment system, was launched in both Sri Lanka and […]