Part of the Basel III framework, the BSP had initially decided not to adopt the CCyB, which requires banks to maintain additional capital during periods of excessive credit growth
The Hague-based company, which serves about 29 million customers and employs over 28,000 people worldwide, wants digital scale up to improve customer self service and cement its position in the market.
The system will cover various initiatives including the Government Electronic Banking System, Wages Protection System, Digital Currency and Automated Clearing House.
Luxembourg introduced its RAIF fund regime in 2016, and the structure has proven incredibly popular with fund managers since launch. What was the thinking behind the launch and why has uptake been so enthusiastic?
Funded under the country's Financial Sector Technology and Innovation Scheme, the grant would facilitate the development of "advanced cybersecurity functions" such as cyber threat surveillance and intelligence gathering, computer forensics,
The case raises the question of whether, and in what circumstances, a crypto exchange operator has the right to reverse completed transactions.