Fintech
Regulators need common crypto asset standards – policy-makers
“Too many” crypto assets created to avoid regulation, official tells Central Banking summit
The technical foundations of SupTech
Robert Binder, Daniel Kämmerer and Daniel Münch of BearingPoint RegTech explore the architectural principles crucial for successful supervisory technology – or SupTech – applications, and examine the future of regulatory reporting in this context, with…
ECB says Target2 outage was caused by third-party network device
“Root cause” was software defect in third-party network device in eurosystem’s network – ECB
Jack Ma slams Basel regulations
Alibaba founder says Basel Accord limits innovation; regulators remain cautious on big tech
BoE’s approach to payments regulation is technology neutral, official says
Central bank operates “same risk – same regulation” policy, says director of fintech
Policy-makers should develop blockchain standards – panellists
Standards should ensure systems can communicate with one another, experts say
Former HKMA chief Norman Chan sets up fintech firm
Chan becomes latest former senior Hong Kong official to move to fintech sector
RBNZ warns of cyber risk from cloud
Draft guidelines would mandate firms to notify RBNZ over outsourcing critical functions to cloud
Hong Kong open to working with PBoC on digital currency
Senior government official says authorities would “actively participate” if it aids “mutual connectivity”
Token-based CBDC poses security risks – BoC paper
Bank of Canada has said token-based approach is its preferred method, but authors warn of risks
Marshall Islands readies to make waves in digital currency
Island nation ready to issue blockchain-based national currency if new government gives the go-ahead
RBA sees no immediate need for retail CBDC
Head of payments policy discusses trade-offs involved in issuance
FSB weighs impact of growing big tech dominance
Big tech offers benefits but is also using its clout to gain significant market power, FSB says
BoE looks to gain better understanding of AI
Public-private forum will share knowledge on how artificial intelligence is used in finance
G-7 central banks agree CBDC principles
BIS joins with leading central banks to set out principles for deciding to issue CBDCs
UK’s FCA bans crypto derivatives for retail investors
FCA says retail crypto assets have no reliable valuation basis and could increase financial crime
Global fraud framework needed as digital transactions rise – report
Covid-19 has forced consumers to trust new payment methods, but it could come at a cost
FCA wants pandemic-relevant projects for sandbox
UK regulator announces scope of latest sandbox cohort and launches new digital initiative
Belize’s central bank must improve cyber regulation – IMF staff
IMF staff warns central bank must upgrade physical resilience in face of hurricane threat