JPMorgan Chase recently released a digital asset called JPM Coin, pegged to the U.S. dollar, set for testing later in 2019. Misconceptions, however, included JPM Coin was the first of its kind, when Signature Bank actually beat them to the punch.
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Only next crash will test HK bank chief’s legacyNorman Chan, head of the Hong Kong Monetary Authority, plans to retire. Supervision was a bigger focus than traditional monetary policy during his decade in office, using controls such as mortgage curbs to limit a housing boom. Only a downturn will determine whether that worked.
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