Fintech
Brazilian central bank publishes CBDC guidelines
Model under consideration would be intermediated by national financial system
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief voices concerns about the timing of stablecoin and CBDC roll-outs, fintech risks for supervisors and monetary policy, and details development plans for eight innovation locations
DNB acknowledges crypto KYC requirements were unlawful
Netherlands Bank reverses decision to mandate adherence to Sanctions Act
Powell announces forthcoming CBDC paper
Irrespective of US CBDC, Fed will help develop international standards, says chairman
Swedish and Norwegian central banks warn of cyber threats
Even small attacks can have major effects on stability, Norges Bank and Sveriges Riksbank say
Bitcoin plunges as China cracks down on crypto assets
Chinese industry bodies toughen restrictions on crypto services offered by financial institutions
Over 4,000 FCA staff complete mandatory cyber training
FCA spends $26,990 on cyber security course
Diem shifts focus to US dollar stablecoins
Move away from Switzerland sees former Libra Association distance itself from original multi-currency plans
Bahrain launches new cross-border payment pilot
Central banks plans to scale up system to handle CBDC transactions
Bank of Israel accelerates work on CBDC
Central bank has been exploring pros and cons of issuing a digital shekel since 2017
CBDCs must be interoperable – Swift and Accenture paper
Swift plans new CBDC trials for members across traditional payment rails
Fintech & IT Benchmarks 2021 – presentation
Central Banking’s fintech and IT subject matter specialist Rachael King speaks with Christopher Jeffery about fintech and IT staffing and salaries, research and investment, system resilience, CBDCs and the wider fintech ecosystem
Digitalisation will not render Norwegian banks obsolete – deputy governor
Use of cash falling rapidly, as Norges Bank studies options to issue a CBDC
Kazakhstan’s central bank announces CBDC pilot
Central bank says it will issue token-based prototype to lenders
MAS launches new regtech grant
S$42 million fund will help firms test new digital products before full deployment
Georgia’s central bank launches CBDC project
Central bank says private sector involvement will be “crucial”
MAS proposes ‘unbundling digital currency stack’
Layers of governance could allow single common settlement platform for CBDCs
DNB survey finds 49% of respondents ready to use digital euro
Over half of sample had not heard of central bank-issued digital currency, survey finds
FCA chief announces launch of fintech ‘nursery’
Rathi also says social media firms should be held accountable for products they advertise
Zhang Tao on the IMF’s fintech agenda, CBDCs and big tech oversight
IMF deputy managing director speaks about the fund’s perspectives on CBDC operating frameworks, regulating big tech and macrofinancial oversight in a digital world
BoE and Treasury launch CBDC task force
Central bank also forms new division to lead “internal exploration” of digital currency
Sweden may have a digital currency in five years, says Riksbank governor
Sveriges Riksbank is testing e-krona pilot as Swedish cash use falls rapidly
Fintech & IT Benchmarks 2021 report – executive summary
Shedding light on fintech initiatives, staffing, salaries, cyber security and more