FMI
BIS committee finds inadequacies in derivatives data
Challenges remain, despite significant progress, Irving Fisher Committee reports
RBI fights plan to strip it of payment powers
Central bank fears move would undermine its ability to regulate currency
Exchange chiefs back Giancarlo in tussle over CCP oversight
CFTC may block US CCPs from acceding to EU supervision
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal method for API specifications, payment provider says
Fraud growing faster than non-cash payments, Fed finds
Cases of payments fraud are getting smaller but more common, survey finds; introduction of chip-based cards appears to have helped reverse the trend
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa
Mersch issues warning to European payment providers
European firms must innovate or risk being competed out of instant payment sector
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
EU countries to build payments link with Iran
“Special purpose vehicle” designed to allow “legitimate business” with Iran, despite US sanctions
IT failures reveal vulnerabilities in UK banking system
Barclays and NatWest are latest victims of internal failure
PBoC launches first phase of blockchain trade financing platform
Platform could help increase access to finance for SMEs while improving trade networks between Macao and Hong Kong
RBA warns FMI provider on op risk failings
ASX’s clearing and settlement facilities need to take action on op risk issues, central bank says
Kuroda says controls on high-frequency trading ‘critical’
HFT can aid market efficiency, but action is needed to tackle its downside, says BoJ governor
Central Bank of the Philippines gets mandate to regulate payment systems
Payment systems could be placed on blacklist if they pose a risk to the financial system
RBA suffers payments outage after fire test
“Routine maintenance” led to loss of power at main data centre
BoJ sets out goals for interest rate benchmark reform
Working committee aims to publish deliberations in March 2019
Bank of Thailand names digital currency partners
Central bank says first phase of ‘Project Inthanon’ should be completed by first quarter of 2019
Bank of England mulls synchronised settlement for new RTGS
Adding new functionality could reduce cost and risks for RTGS participants, BoE says
Standard-setters update analysis of CCP network
Basel-based organisations find network has only shifted somewhat in the past year
FSB weighs effects of post-crisis reforms on central clearing
Report finds incentives to centrally clear are strong in the “systemic core” but weaker elsewhere; some rules could benefit from adjustment
Bank of Israel begins push for open banking
Regulation of APIs designed as part of several measures to promote banking sector competition
Indonesia launches new overnight benchmark rate
New rate replaces the quotation-based model with one based on transactions
UK ATM network backtracks on interchange fee hikes
Consumers turn to cash alternatives “quicker than expected”