The Basel Committee on Banking Supervision (BCBS), the primary global standard setter for the prudential regulation of banks, has endorsed a final standard to help banks mitigate risks associated with their crypto-asset exposure, which includes tokenized traditional assets, stablecoins, and unbacked crypto-assets.
Category: News
Singaporeans Feeling The Heat in Necessities Spending, Retirement Plans: Study
Eight in 10 Singaporeans said that their personal financial situations had been affected somewhat or to a large extent in the past one year due to inflation. The key areas impacted by inflation are spending on necessities (71%), retirement plans (34%), and investments (26%).
HSBC Set To Get More Agile and Nimble – A Future Ready Bank
HSBC Holdings has reported that its profit after tax increased by $0.8 billion to $9.2 billion; profit before tax decreased by $1.7 billion to $9.2 billion and revenue decreased marginally to $25.2 billion, mainly due to foreign currency translation impacts and 1H22 losses on planned business disposals.
Lloyds Banking Group Partners with Innovation Sandbox
Innovation Sandbox is designed to will help the Lloyds banking group to bring a variety of fintech opportunities. This partnership will help through the design and test cycle more efficiently, supporting a rich ecosystem of fintechs and reducing time-to-market.