Financial market infrastructure
HKMA unveils new wholesale CBDC project
De facto central bank to launch sandbox for testing settlement of tokenised deposits
Thailand forges ahead with virtual banking
BoT to accept applications to open virtual banks from March 20
Irish central bank says payments strategy needs drastic change
Deputy governor says sector is slow to change and backs draft “access to cash” law
RBA seeks citizens’ ideas for redesigned A$5 note
Bank asks Australians to submit proposals for theme reflecting indigenous cultures
Standardised FRTB leaves banks befuddled on residual risk
Benchmarking exercises find “weak consensus” among banks over notional values for exotics
Minneapolis Fed study cites credit barriers for Native Americans
Authors say indigenous-owned businesses suffer unduly from limited access to loans
Local banks key to mitigating climate-related risks – BDE paper
Study finds “outsider” banks less responsive to needs of companies affected by wildfires
Philippine central bank launches sustainable finance taxonomy
BSP is Asia’s latest monetary authority to set out framework to help tackle climate crisis
CBDCs may require hard limits, Netherlands Bank paper finds
Study says digital currencies could make people better off if transitions are well-managed
Banking deserts increase in ‘majority-minority’ areas of US
Dearth of facilities disproportionately affects non-white citizens and people with disabilities
US CBDC ‘could enhance dollar’s international role’
Fed research claims issuing digital currency could increase demand for dollars more generally
Philippine central bank may issue wholesale CBDC in two years
However, governor rules out using blockchain-based technology for digital peso
Monetary policy shocks ‘amplified by financial integration’
Expansionary policy in one country leads to contraction in another, BoC researchers find
Large cap on Canadian CBDC curbs disintermediation
Central bank paper says currency will benefit rural populations underserved by commercial banks
BoE puts American spin on fix for FRTB’s govvies dilemma
Four jurisdictions find four different ways to resolve Basel market risk capital quirk
Europe’s new AI Act threatens supervisory ‘chaos’ for banks
Policy-maker says new role for European Commission could collide with ECB model risk regulation
MAS seeks to simplify data collection rules for insurance sales
Proposal aims to allow customers in Singapore to buy simple policies more easily
Asia’s central banks ‘must do more to fight climate change’
IMF paper calls on financial institutions to improve disclosure standards and risk analysis
CBDC would not destabilise Italian banks, research finds
But fully anonymous digital currency could increase flight from deposits, Bank of Italy paper says
Market seeks details of PBoC plan to open onshore repo trading
Traders welcome the move but want clarity on legal and collateral issues
EquiLend cyber hack exposes trade reporting dependence
Ransomware attack at securities lending platform disrupts regulatory compliance
Clearing members fear CFTC bending rules for crypto
Critics warn new framework for Bitnomial and LedgerX could undermine clearing integrity
Reasons for refusing mortgages ‘do not explain racial disparity’
Minneapolis Fed’s study challenges explanations given for why people of colour are treated differently