Cyber security
Riksbank warns about e-krona fraudsters
Swedish central bank points to false online information claiming it is selling e-kronor
Swiss central bank and stock exchange to launch new network
Communications system based on Scion technology aims to increase cyber security
ECB launches digital euro project
Central bank supports European Commission plan for e-identity rollout across the eurozone
Danish central bank denies suffering breach in SolarWinds hack
Media reports claimed central bank had been exposed for seven months
RBA cancels market operations due to outage
Issue at third-party provider impacted central bank and several commercial banks
RBA should improve RTGS risk management – internal report
Australian central bank’s payments division says it is concentrating on upgrading cyber resilience
BIS opens Nordic innovation hub
Stockholm office is fifth in hub programme and involves four of the region’s central banks
The winners of the 2021 FinTech RegTech Global Awards
Fourth annual tech awards recognise excellence among central banks and the firms they work with
Governance Benchmarks 2021 report – the frameworks that rule central banks
How are central banks governed? Benchmarking data offers insights on appointments, legal structures, powers, decision-making bodies, independence and more
RBNZ’s Orr admits ‘shortfalls’ on cyber security
But KPMG report also lays blame on vendor for delays in pushing out critical software update
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief voices concerns about the timing of stablecoin and CBDC roll-outs, fintech risks for supervisors and monetary policy, and details development plans for eight innovation locations
Bank of Canada voices concern over house prices
Financial regulator imposes minimum rate on new uninsured mortgages
Swedish and Norwegian central banks warn of cyber threats
Even small attacks can have major effects on stability, Norges Bank and Sveriges Riksbank say
Over 4,000 FCA staff complete mandatory cyber training
FCA spends $26,990 on cyber security course
Fintech & IT Benchmarks 2021 – presentation
Central Banking’s fintech and IT subject matter specialist Rachael King speaks with Christopher Jeffery about fintech and IT staffing and salaries, research and investment, system resilience, CBDCs and the wider fintech ecosystem
Fintech & IT Benchmarks 2021 report – executive summary
Shedding light on fintech initiatives, staffing, salaries, cyber security and more
Fintech & IT Benchmarks 2021 report – detailing the evolution of technology
Benchmarking data sheds light on staffing trends, priority areas of research and uptake of new technology, cyber security challenges and central bank digital currencies
Most central banks spend less than 20% of their IT budget on security
Average spend was 16% of IT budget
Regulating big tech and non-bank financial services in the digital era
Big tech incursions into financial services in China and elsewhere demonstrate the potential benefits of adopting a digital-bank or holding-company approach to financial regulation
Payment innovation is top fintech research priority for central banks
CBDC ranked second as central banks explore wider implications of fintech for payments
High income economy central banks’ technology costs vary widely
Some central banks in advanced economies have kept costs as low as those in poorer nations
Large economy central banks more likely to employ CTO
Slight majority of central banks employ CTO, but differences are clearer when sorted by GDP
Most central banks hold annual cyber security training sessions
One-third of central banks hold training every 0–6 months
Cyber security and retaining top talent are biggest tech challenges
Keeping abreast of fintech developments also tests institutions