Data
UK regulators warn crypto firms not to breach sanctions
Crypto asset firms risk breaking law if they fail to enforce sanctions on Russia
Anti-money laundering and countering the financing of terrorism focus report 2022
Anti-money laundering authorities face a never-ending battle to track and block the proceeds of financial crime. Increasingly, they are finding themselves in a technological race to stay ahead of criminals
Digital money and central banks
Central banks must reflect on the monetary policy, regulatory and financial stability implications from crypto assets, stablecoins and CBDCs to stay relevant in the digital age of money
‘Financial concerns’ impact consumption – BoE paper
Households with financial worries have a higher marginal propensity to consume, survey shows
SNB profits rise to $28.5 billion
Central bank reaffirms pledge to halt appreciation of the franc
BoE aims to boost comms with new ‘visual identity’
Design overhaul aims to help central bank reach a wider audience, BoE says
Majority of central banks do not issue fintech licences
Lower-middle income jurisdictions more likely to issue licences than richer nations
Privacy and security are greatest cloud concerns
New computing options and work practice flexibility top benefits
SQL, Python and R top requirements for data scientists
Other staff may perform similar data analysis tasks
Data quality and staff skills are greatest AI challenges – benchmark respondents
Privacy and algorithmic fairness are also concerns
Half of fintech benchmarks respondents use AI/ML tools
Richer nations more likely to use artificial intelligence
Diego Labat on policy normalisation, capital flows and tech challenges
The Central Bank of Uruguay governor speaks with Christopher Jeffery and Ben Margulies about governance, financialisation, flexible rates versus capital controls, payment upgrades and CBDCs
Machine learning and NLP top regtech tools
Micro-prudential reporting and risk assessment are main regtech applications
Efficient data reporting is main suptech driver
Resource constraints are the biggest challenge in developing a suptech strategy
Navigating the digital transformation at Deutsche Bundesbank – an update
Joachim Wuermeling explains how the Covid-19 pandemic and other developments have affected the German central bank’s digital transformation during the past two years
Podcast: collaboration as the key to better data
Regnology’s Joanne Horgan explains how central banks are working with industry to enhance supervisory data collection
ESRB calls for European cyber incident framework
Regulators must have joint response to systemic cyber incidents
RBA develops new method of modelling financial sector
Approach takes Martin model “beyond the existing macroeconometric frontier”, say researchers
Only some firms pay attention to economic news – Bank of Canada paper
Attention is “polarised and counter-cyclical”, affecting policy impact, researchers find
Eurozone deficits and debt declined in Q3 2021
But debt levels in the bloc remain at high levels, especially in Southern Europe
Bank of Canada pilot explores transitional risks of climate change
Six financial institutions joined the central bank and financial regulator in auditing their assets
Brazilian banks use market power to raise cost of credit – BIS paper
Research explores role of market power and informational switching in banking competition
Minority of central banks use GRC platforms
RSA Archer and SAP named as providers
Podcast: why the future of data management sits in the cloud
Cloud technology has numerous benefits for central bank data management