Financial market infrastructure
RBA voices concern over exchange’s failure to replace system
Politicians will question whether regulators have sufficient powers over securities exchange
BIS and central banks say multi-CBDC platform trial was a success
Central banks of China, Hong Kong, Thailand and UAE took part in US$22 million cross-border trial
RBA payments systems suffer outage
Problem took too long to resolve, and platform is too fragile, payments executive claims
Central Bank of Kenya orders digital credit firms to ‘cease and desist’
Backlog of 278 applications pending while central bank awaits paperwork
Fed’s QT will be more complex this time, official says
Overnight repurchase liabilities make up a larger portion of balance sheet than before
FedNow scheduled for mid-2023 launch
Bowman and Brainard see CBDC substitution and cloud technology advantages
Chinese CBDC should not be as anonymous as cash, says PBoC official
Mu Changchun says small digital wallets will allow anonymity, but says freedom needs constraints
RTGS operating hours must expand, BoE’s Cunliffe says
Longer hours and more non-bank access would speed up cross-border payments, says CPMI chair
BoJ to study impact of CBDC on bank deposits
Report says safeguards needed to prevent possible “rapid shift” from bank deposits to CBDC
Bank of Zambia repels cyber attack
‘Hive’ hacker collective fails to steal valuable data and central bank refuses ransom talks
Fed nominee Barr plans to re-evaluate capital and liquidity rules
Proposed vice-chair for supervision sees limited role for Fed in tackling climate change
Fed research examines single cyber attack’s effects on stability
Federal funds market and discount window kept banks liquid despite attack – researchers
Digital euro could be reality by 2026 – ECB’s Panetta
ECB will step up engagement with authorities and investigate means of issuing CBDC
Bank of Canada says software problem halted repo auction
Central bank says securities repo operations have now restarted
ECCB says pilot CBDC will return next week
Barbados firm Bitt still working on DCash project after outage beginning on January 14
Eurosystem approves new payments oversight framework
‘Pisa’ principles will cover stablecoins, e-wallets and other payments arrangements, ECB says
UAE central bank announces new cyber security centre
Gulf state saw huge increase in cyber attacks in 2020
Nigerian central bank will test prototype CBDC
“eNaira” will be tested in four cities, reaching a combined population of nearly 15 million
PBoC widens offshore bond trading for Chinese investors
Large banks will be able to deal in foreign bonds via Hong Kong under new scheme
Somalia re-launches payments system after three decades of absence
World Bank played key role in restoring system to war-torn country, governor tells Central Banking
France and Tunisia carry out cross-border CBDC transfer
Latest BdF experiment sees central banks make wire transfer using wholesale CBDC
PBoC and Swift to offer cross-border payments services
Joint venture will set up local network and data centre to support financial messaging, PBoC says
BoT says prototype corporate CBDC boosted efficiency
Thai central bank says DLT allowed cement firm to integrate payments systems with suppliers
Kenneth Montgomery on the Fed’s progress with instant payments
The FedNow project leader explains how the US will develop ubiquitous, real-time payments