Fintech
BoE’s Kashyap warns banks vulnerable to state-sponsored cyber attacks
FPC member says he is not sure banks are capable of defending themselves
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group, as crypto asset plans draw criticism in Europe and US
Facebook unveils new ‘currency’
Social media group says it plans to “reinvent money” with payment system backed by liquid reserves
UK and Singapore to collaborate on cyber security
BoE, FCA and MAS say they will investigate ways to share information and potentially staff
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
National Bank of Ukraine continues to focus on CBDC
‘E-hryvnia’ pilot project was completed in February
Bank of Israel to collaborate with national body on cyber defence
Memorandum with National Cyber Directorate sets stage for closer co-operation on bank security
Regulators must do more to assess risk of crypto assets, says FSB
FSB members differ on how to tackle international co-ordination
FSB working on cyber incident response toolkit
Team developing tools for effective response and recovery after a cyber attack
CBDC need not pose stability threat – paper
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDC are “questionable”
Sarb announces ‘CBDC feasibility project’
Central bank pursues partners to test digital currency
Cyber crime is ‘present danger’ for financial system – BoE deputy
Sam Woods emphasises need for more widespread stress-testing of cyber security
Crypto assets have little impact on monetary policy, says ECB team
Task force concludes crypto assets do not fulfil functions of money
Draghi dismisses crypto assets
ECB head describes bitcoin as “very, very risky”
US lawmakers establish task forces to examine fintech and AI
Task forces aim to assess risk to economy and investigate regulation surrounding fintech and AI
Thailand develops prototype for blockchain-based CBDC
The central bank’s collaborators have made progress on ‘Project Inthanon’
Central Banking to co-operate on research with Chinese universities
MoUs with departments of Renmin and Zhejiang universities envisage co-operation on fintech events and research
Global sandbox admits first fintech firms
GFIN accepts eight firms for tests in cross-border regulatory sandbox
Bank of Samoa warns of crypto asset con
The Ponzi scheme is apparently spreading via churches