Digital money is a logical step in a process of continuous technological advancement in payment systems. In response, central banks are reviewing their conduct of monetary operations in light of the new shape of financial markets and systems. The impact of digital money will depend on the type of money substitution by digital money. The paper straddles several cases where substitution of CiC (currency in circulation), and bank deposits may take place via digital money such as CBDC or other e-money, and how it would impact the central bank balance sheet. Remuneration of CBDC, if aligned to a new objective, could potentially amplify the effect on the interest rate channel of monetary policy.

The Federal Open Market Committee (FOMC) of the Federal Reserve (the Fed) announced a rate hike of 75 basis points at the early hours today (Hong Kong time) after its two-day meeting, raising the target range for the federal funds rate to 3.75-4%. The HKMA has adjusted the Base Rate upward by 75 basis points to 4.25% according to the established mechanism with immediate effect.

DATE : 26/10/2022 08:30 - 27/10/2022 16:30 (PARIS TIME) DURATION: 08:30 - 16:30 (PARIS TIME) LOCATION: EBA PREMISES, PARIS LA DÉFENSE

Speech by Mr Ben Broadbent, Deputy Governor for Monetary Policy of the Bank of England, at the Imperial College, London, 20 October 2022.

EBA issues an Opinion in response to the European Commission’s proposed amendments to the EBA final draft technical standards on Pillar 3 disclosures on ESG risks.

China invested a record 823.6 billion yuan (115.88 billion U.S. dollars) in water conservancy facilities from January to September, up 64.1 percent year on year, Vice Minister of Water Resources Liu Weiping said on Tuesday.

Behind the "golden age" of the futures industry, the support of futures companies is inseparable. As a specific market service provider, the comprehensive strength of futures companies determines the development height of the industry to a certain extent.

If no one seems to know the contours of Credit Suisse's new strategic plan which will be announced on October 27 and its consequences in Luxembourg, employees are worried. Management must communicate as soon as the plan is known.

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) released the findings of their 2021 joint survey on the Sale of Non-exchange Traded Investment Products by licensed corporations (LCs) and registered institutions (RIs) (Note 1).

The Eastern Magistrates' Court today fixed the pre-trial review date for prosecutions against Mr Tony Choi Yick Man and Mr Ma Yau Tim after they pleaded not guilty to charges by the Securities and Futures Commission (SFC) for unlicensed activities.

On August 25, the “2022 Wealth Management Summit: Industry Trends amid the Global Change” and the launch of the Evaluation Report on China’s Wealth Management Capacity 2022 was held in Beijing. The summit was organized by Xinhuanet and the School of Finance, Renmin University of China (RUC), and co-organized by the International Monetary Institute (IMI) of RUC, the Wealth Management Research Center of RUC, and the Golden Bull Financial Research Center of China Securities Journal. The participants had in-depth exchanges on the features of China’s wealth management industry, how wealth management institutions can build core competitiveness, how to improve investors’ sense of fulfillment and other heated issues in the industry. Tan Songtao, Director of the Wealth Management Research Center of RUC, presided over the summit.