Regulation
Most central banks have payment and settlement supervision mandates
Payment system laws contain oversight powers in two-thirds of jurisdictions
Payment ecosystems remain relatively unchanged over past year
Most central banks help price RTGS services and many do for credit transfers and direct debits
AI may demand ‘entirely new’ regulatory approach – IMF’s Gopinath
Deputy managing director says artificial intelligence risks “broad negative effect” on employment
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Central banks report having one to three RTGS contingency sites
Most central banks experienced a high-value payment system outage in the last year
Rule-setters need to heed their own advice
The US risks a reputation for failing to meet standards to which it holds others
ISO 20022 payments messaging adoption rate increases
Majority of central banks uphold plans to transition by 2025
To govern well, manage ‘enterprise’ risk
Effective risk management should be governance-oriented and top-down; not operationally oriented and bottom-up, writes John Mendzela
More than 80% of central banks are investigating CBDC
Central banks feel negatively about retail digital currencies in their payment systems
Combatting the ever-changing cyber threats in banking
Seemanta Patnaik, co-founder and chief technology officer at SecurEyes, discusses the continually evolving challenges and threats, and possible solutions to remain resilient to cyber attacks in today’s central banking environment.
IMF economist takes on vexed question of macro-pru calibration
Housing markets are “at a turning point”, says Laura Valderrama, and policy faces tough trade-offs
Most central banks regulate or operate instant payment systems
Bank accounts, phone numbers and QR codes are most common access tools for instant payments
Most RTGS systems are more than three years old
Nearly 60% of central banks plan to upgrade their RTGS payment system in the next year
Most central banks use third-party payment providers
Montran, Swift, and CMA Small Systems come up repeatedly as third parties
Central Bank of Chile sets first counter-cyclical buffer
BCC also warns government could face financing problems
OCC will target ‘persistent weaknesses’ in US banks
Updated guidance introduces tougher approach to non-compliant banks
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
IMF urges caution in UK financial services reforms
Fund says efforts to ease or simplify rules must be “carefully weighed”
Bolivian governor says country faces ‘liquidity crisis’
Authorities’ response to bank failure could worsen financial stress, analysts say
China’s National Financial Regulatory Administration officially opens
Veteran banker and former provincial governor Li Yunze will lead new regulator
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
Fed’s Bowman defends regulatory ‘tailoring’
Governor calls for independent review of SVB collapse, dismissing Barr report
IMF’s Adrian on the systemic threat posed by a ‘weak tail’ of financial institutions
The IMF’s financial counsellor speaks to Christopher Jeffery about bank runs and emergency interventions, market and oversight failings, and the need for action on run rate assumptions, interest rate risk, deposit insurance, crypto regulation and a ‘weak…
Fintech Benchmarks 2023 – presentation
Specialist Joasia E. Popowicz discusses CBDCs, cyber security, AI/ML in regtech, suptech and cloud computing