Cyber security
Bailey urges co-operation on cyber risk
BoE governor says cyber risks can “go the distance”
ECB announces independent inquiry into Target2 outage
Main findings on RTGS failure will be published by second quarter of next year, ECB says
MAS warns firms over third-party cyber risks
Ravi Menon warns of risks from open source software and third-party service providers
The winners of the 2020 FinTech and RegTech Global Awards
Central banks and their partners have innovated across machine learning, cloud services, payments and more
RBNZ warns of cyber risk from cloud
Draft guidelines would mandate firms to notify RBNZ over outsourcing critical functions to cloud
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
ECB steps up research on ‘digital euro’
Central bank analysing both centralised and decentralised options for a digital currency
Belize’s central bank must improve cyber regulation – IMF staff
IMF staff warns central bank must upgrade physical resilience in face of hurricane threat
Bahamas prepares for nationwide CBDC rollout
Central bank says digital currency should improve financial inclusion – but it won’t be anonymous
BoE’s Stheeman sets out expectations on cyber resilience
Policy-makers will be guided by cyber stress-testing and “impact tolerances”
Fed picks G+D to develop ‘next-generation’ currency processing
German firm developed new prototype for the Fed to maximise speed and accuracy
Basel Committee drafts new resilience guidelines
BCBS consults banks on safeguards against operational risks such as pandemics and cyber attacks
BIS expands innovation hub network
Several new locations unveiled in Europe and North America
Fed develops new fraud prevention model
Federal Reserve wants model to be voluntarily adopted across US payments system by 2024
Minutes highlight scale of BoE’s Covid-19 redeployment
Some staff were overwhelmed with work while others had little to do
Covid-19: a hacker’s opportunity
What can central banks do to plug cyber threat weaknesses?
RBNZ’s Sam Allen on embracing the cloud
Central bank took a calculated risk in moving financial markets group to cloud platform
FSB consults on cyber attack ‘response and recovery’
“Efficient and effective response” is critical to minimising the financial stability impact, report says
Covid-19 frazzles AI fraud systems
Seismic changes in customer behaviour see machine learning solutions throw out false positives
FedNow: the advantage of going last
The Fed is late in developing instant payments, but US can learn from others
IMF urges caution on CBDCs in Eastern Caribbean
Scope to modernise payments, but central bank must proceed with caution, IMF staff warn
Ghana’s Addison on banking reform, innovation and the future of the eco
Bank of Ghana governor says Ghana is unlikely to join eco anytime soon
New body will share EU intelligence on cyber-threats
ECB, Europol and the EU Agency for Cybersecurity join forum to share cyber security information
Cyber risks cost 2-3% of profits at banks and insurers – RBNZ research
New Zealand central bank finds chance these threats may cause much greater losses