Fintech
CBDC is mixed bag for financial stability – Bank of Korea
Central bank paper highlights stability concerns but adds some positives
Thailand and Cambodia join forces on QR code network
Central banks to pilot QR code network for retail payments
Countries must counter money-laundering through fintech – IMF official
IMF’s Adrian calls for regional co-operation and consultation on new payment systems
UAE central bank and Sama partner for blockchain project
New system aims to provide more efficient central financial transfer system
Book notes: Democratizing Money?, by Beat Weber
This is a timely book about ‘how money really works’
Latin America has 66% more fintech startups than in 2017 – IDB
IDB report also reveals region has a higher proportion of female founders than global average
Dutch central bank and regulator call for AML law for crypto assets
But regulations should change to make crypto asset financing easier for small firms – DNB
Crypto assets hobbled by proof of work, finds BIS economist
Raphael Auer says bitcoin payments could take “nearly a year” to become truly final
Malta’s crypto asset plan means greater money laundering risks, IMF warns
Authorities must rapidly improve AML regime and guarantee FSA’s independence, mission says
Adoption of a privately-issued digital currency can reduce social welfare, researchers find
Optimal policy can be achieved through central bank digital currency, authors say
AML/CFT regulation to cover crypto assets – Sarb
New proposals will construct a “limited” regulatory framework for crypto assets
Switzerland grants fintech firms access to interbank payment system
Federal government modified ordinance to create new licensing category on January 1
EC should conduct ‘comprehensive’ crypto analysis, says EBA
Regulator says crypto assets fall outside the scope of current EU financial services regulation
BoE keeping ‘open mind’ on central bank digital currency – Carney
But “it could be some time” before private accounts are available at BoE, if they are ever offered
Divergent motives fuelling CBDC discussion, BIS survey reveals
Majority of central banks are researching the various forms of CBDC
Central Bank of Ireland gives go-ahead to Google payments
Tech giant awarded licence under PSD2
The ‘great fintech wall of China’?
Closed-loop systems could help solve part of the PBoC's capital control dilemma
Beyond payments: central bank digital currency
Issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound
Fintech poses “serious” challenge to governance, says former PBoC deputy
Li Dongrong warns of fintech spillover risks, regulatory arbitrage and digital divide
Cyber resilience hinges on collaboration, Nordic central bankers say
Central banks must ensure preventative measures are cost effective
Fintech could help financial inclusion - South African deputy governor
Sarb’s Groepe praises Singapore’s one-stop data repository
FCA survey reveals significant increase in tech failures
Cyber incidents represented 18% of incidents reported to the FCA in year to October
Interview: Clair Mills on the meaning of fintech
BoE head of change and data management on defining fintech
Report highlights cyber vulnerabilities in securities market
Structure of the market and number of participants makes sector increasingly difficult to safeguard