Remove Distributed Ledger Technology (DLT) Remove Laws Remove Legal Framework
article thumbnail

Hong Kong Consults on Proposed Regulations to Prudential Treatment of Cryptoasset Exposures

Global Fintech & Digital Assets

The Consultation Paper outlines how the HKMA proposes to implement the Basel Committee’s standard into Hong Kong law, including through amendments to the banking capital, liquidity, disclosure and exposure limit rules, and its supervisory policy manual and other guidance.

article thumbnail

Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

While digital infrastructure is advancing, including cloud-native solutions and distributed ledger technologies (DLT), legal frameworks are still rooted in outdated assumptions, creating friction in what should be frictionless systems. What were finding is that the regulatory landscape needs to catch up.