Cyber security
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
‘Systemic cyber incidents’ could cause major damage – ESRB
EU body says cyber attacks could reach “tipping point” and freeze financial sector
MAS to allow financial data transfer to US
Data-sharing agreement could see personal data shared across borders
IMF-MAS research says cyber risks can be modelled with limited data
Public data can be used to create unique formulae to model hypothetical cyber attacks
Central Banking Awards 2020: third group launched
Awards unveiled for currency manager, initiative, economics, currency services, advisory and data
Advisory services: Deloitte
Consultancy has shown strength in wide range of tech and governance advisory roles
Central bank of the year: Bank of Ghana
African central bank has carried out extensive reform of Ghana’s banking sector
Payments and market infrastructure development: European Central Bank
ECB has created framework to help PMI firms bolster cyber defence, being disseminated globally
Payment services: Swift
Organisation has responded strongly to threats from cyber crime and decline of correspondent banking
Podcast: fintech predictions for 2020
Will cloud technology become mainstream? Is artificial intelligence the future of regulation? Rachael King and Adam Csabay make their fintech predictions for 2020 in the second episode of Tech Talk
Bank of Italy and regulator agree joint cyber security strategy
New approach will aim at guarding specific types of financial market infrastructure
Cyber attack could freeze liquidity in US financial system – NY Fed paper
Attack on one bank could affect more than a third of banking system’s assets, researchers warn