Fintech
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
FCA increases guidance to big tech around consumer protection
UK regulator mulling whether it needs new powers to ensure firms like Google do not exploit customers
Bahamas prepares for nationwide CBDC rollout
Central bank says digital currency should improve financial inclusion – but it won’t be anonymous
Riksbank will host Nordic fintech hub for BIS
Swedish parliament amends law governing central bank to finance BIS innovation hub in Stockholm
BIS paper delves into new fintech database
Authors investigate rise of “big tech credit” in many economies
Eastern Caribbean Central Bank official says CBDC is ‘foolproof’
Central bank asks consumers to register for second stage of digital currency pilot
Covid-19 will not result in CBDC issuance, say central bankers
Policy-makers think changes in payment behaviour will be temporary and CBDC research will take time
Innovation hubs should help central banks update regulation – panellists
Regulation should be transparent enough for fintechs to understand what requirements must be met
SBP offers overseas Pakistanis access to digital banking services
Prime minister says he hopes the Roshan Digital Account will help channel foreign exchange to Pakistan
Bank of Thailand launches DLT-based bond issue platform
Central bank says new platform increased efficiency of $1.6 billion retail bond issue
MasterCard launches new CBDC testing environment
New platform will allow central banks to test CBDC issuance and distribution
Lower financial literacy linked to crypto asset ownership – Bank of Canada
New cash survey shows financial literacy is positively associated with crypto asset awareness, but negatively associated with ownership
Norges Bank looks to narrow down CBDC options
Project enters third phase as central bank prepares recommendation on specifics of CBDC design
Bailey urges early intervention on stablecoin risks
BoE governor says multi-currency stablecoins do not appear to be viable payment systems at present
Chinese state-run bank launches, then disables, digital yuan wallet
PBoC’s digital yuan wallet was briefly available via China Construction Bank’s mobile app
RBA hones in on data management as part of 2021 strategic plan
Central bank will look to bolster technology infrastructure
A new research agenda for the Bank of England
To manage the risks and opportunities of rapid financial innovation, policy-makers must look to cutting-edge research, writes Andrew Bailey
Regulators must deal with AI risks – HKMA report
AI systems must keep “humans in the loop”, expert tells Central Banking
CBDC projects aim to complement cash – BIS survey
Many central banks are creating “hybrid” CBDCs, according to survey of 32 projects
Cœuré warns of ‘black box’ problem for regulators
It “may be no coincidence” banks are turning to opaque AI for “capital optimisation”, BIS official says
Facebook’s libra could disrupt collateral markets – IMF paper
Collateral used to back ‘stablecoins’ such as libra will be unavailable for reuse