Digital money in the UK considered to be systemic are those that have the potential to scale up and become widely used as a trusted form of sterling-based retail payments
The BIS Innovation Hub initiative was created in 2019 to identify and cultivate developments in financial technology relevant to central banks and to provide a focal point for a network of central bank experts on innovation
Citi will provide fund accounting, transfer agency and reporting services covering more than 40 portfolios and over $70 billion in assets under administration
The new division will build on State Street’s current digital capabilities and will expand to include crypto, central bank digital currency, blockchain, and tokenisation.
Time equals risk in financial markets and recent events have triggered questions around whether risk can be lowered through shortening the T+2 settlement cycle, says US SEC chair Gary Gensler
DASH360 Risk provides sell-side firms with real-time visibility of all activity at the firm, account or trader level, including risk limit consumption, risk breaches and alerts
In this leadership role, Higgins will oversee Northern Trust’s asset servicing business activities across the three markets and assume executive management responsibilities for the bank’s Hong Kong office
