Financial market infrastructure
EU risks creating unlevel playing field in fintech – EBA report
European fintech companies are increasingly coming under EU regulation, report says
BIS to set up three fintech innovation hubs
Central banks will work with industry in Hong Kong, Singapore and Basel
BoE drops Libor for hedging UK forex reserves
Bank of England adopts Sonia reference rate in UK Treasury swap programme
High-frequency trading can harm market liquidity – ECB paper
Researcher finds increased competition can lead to rise in speculative strategies
Fed pushes big banks to tally CVA for central counterparties
Banks told to quantify exposure to CCPs for annual stress tests
Norges Bank to administer Nowa benchmark rate from 2020
The rate is calculated based on data provided by 11 banks
Nepal’s central bank bans Chinese mobile payment platforms
Alipay and WeChat Pay banned; foreign payment services must register in Nepal
Swift announces trials with ECB instant payment system
Linking “Swift gpi” to ECB’s Tips will greatly reduce delays in settlement, consortium says
ECB raises concerns over new Cyprus agency
Powers given to digital security agency should not prejudice those of ECB, opinion warns
ESRB publishes scenario for CCP stress tests
Esma announces UK-based CCPs will still be covered in event of “no-deal Brexit” on April 12
HKMA grants first three virtual banking licences
Move is “major milestone” for Hong Kong’s efforts to compete as financial centre
EBA launches register of payment and electronic money firms
Freely available online register brings together national authorities’ data
ECB to publish new reference rate in October
New rate should fully replace Eonia by beginning of 2022, ECB says
Zimbabwe ditches dollar peg amid warnings of ‘disaster’
Central bank governor pledges stability but analyst says initiative is “cancerous”
ECB starts publishing statistics on secured euro money market
Data gathered using same methods used to measure unsecured segment of market
BoCHK set to secure role for Philippines renminbi clearing
Bilateral settlement gains importance in yuan internationalisation process
‘Big tech’ finance raises fundamental questions – BdF deputy governor
Risks from cloud computing not being addressed by supervisors, Denis Beau warns
Singapore central bank to put $5 billion into venture capital sector
Move will complement “curated deal-making programme” for Asean investment, says senior official
Key South African rate needs urgent reform – Sarb deputy governor
Jibar based on product that rarely traded during two-year period, says Sarb’s Mminele
Ukrainian central bank to auction distressed banks’ assets
NBU also announces upgrade to sovereign bond-selling infrastructure
Esma head issues Brexit warning over UK CCPs
Maijoor calls for continued access for EU members
Foreign jurisdictions could disrupt European payments, Mersch warns
EU must end reliance on foreign-based payment card providers, ECB official says
BoJ sets out goals for interest rate benchmark reform
Working committee aims to publish deliberations in March 2019
Implementation of new Sofr rate is “ahead of schedule”, says Fed vice-chair
Implementation of new Sofr rate is “ahead of schedule”, says Fed vice-chair