Singapore

This makes Indonesia its sixth market to obtain a licence.

It was supported by the collaborative effort of the association of 31 industry players.

The report explores the application of CPMI-IOSCO principles for financial sector infrastructures to emerging models of digital asset networks. 

BofA Securities currently leads investment banks in terms of fees generated.

 It should be about offering options and putting control back in the hands of consumers so that they can decide what is best for them, says GXS' Jenn Ong.

Individuals from Malaysia, Indonesia, mainland China, and Hong Kong can avail of the service.

P. Murlidhar Maiya was CEO of the bank’s South and Southeast Asia businesses.

Majority of its on-demand liquidity transactions flow from Singapore, the company said.

Citadelle did not breach the Trust Companies Act, according to MAS.

DBS and OCBC are fined S$2.6m and S$600,000, respectively.

The paper includes technical specifications detailing the entire lifecycle of purpose bound money.

The bank hopes to keep a low problem loan ratio of around 0.5%. 

OCBC now owns 88.4% of its subsidiary’s shares.

It uses chat bots, anamorphic displays, and interactive screens to support self-service banking.

This expands their offering of regulated crypto brokerage service.

Banks are ramping up AT1 bond issuances after the Credit Suisse wipeout put a halt on issuances, observers said.