Asian bank’s trials with tokenized securities stuck in silos – industry body
Asian financial regulators should do more to support large-scale trials of tokenized securities, said an industry body. This is because banks and technology firm’s current experiments are stuck in different silos and that hinders the pace of change. Tokenized securities are products like shares and bonds. Their ownership proof is recorded on a distributed ledger. […]
Irish government to begin phased exit from Bank of Ireland holding
Finance Minister Paschal Donohoe said that the Ireland’s government will begin to sell down part of its 13.9% shareholding in Bank of Ireland. This is over the next six months, marking the state’s first sale of any bank shares since 2017. Ireland pumped almost 40% of its annual economic output into its banks a decade […]
EU leaders to commit to finishing banking union one day
European leaders will promise to complete the EU’s banking union in the future, but will leave it to their finance ministers to work out when, their draft conclusions showed. Completion of the banking union would mean setting up a controversial common deposit insurance scheme. This would sharply reduce the possibility of a major banking crisis […]
mPos technology: unlocking possibilities for business
Contactless transactions are on the peak in the UK. Nine out of ten card transactions which were made in 2020 were all contactless. This had accounted for 57 per cent of all debit card and 35 per cent of all credit card transactions. The FCA has made an announcement in response to demand, and the […]