Settlement risk
SNB to explore wCBDC settlement for monetary operations
Project Helvetia allows safe and efficient settlement, says governor, but retail CBDC is risky
BIS wraps up cross-border CBDC trial
Project Mariana explored FX settlement using ‘automated market-makers’
BoE’s RTGS system goes down for nearly six hours
Database problem prevented high-value payment system from opening at usual time
Unified ledger could usher in ‘profound’ economic change – BIS
Hyun Song Shin describes single platform for public and private money as “game changer”
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Non-bank access to RTGS systems still rare
Only a handful of central banks allow non-bank users
Round-the-clock RTGS operation still uncommon
Most central banks keep core settlement system running for 7–12 hours each day
How to stop stablecoins from hoarding precious collateral
Repo markets expert and crypto bank chief exec think Fed reserves are the right answer
BoE’s Cleland calls for innovation in wholesale payments
Wholesale payments suffer from inefficiencies despite being critical to financial stability, official says
BIS unveils 2022 programmes for innovation hubs
Focus is on CBDC, payments, DeFi, green finance, and first projects in London and Stockholm
BIS-SNB project links wholesale CBDC to core banking system
Project Helvetia’s second phase demonstrates integration of DLT with standard systems is possible
Project Jura executes ‘real-life’ cross-border CBDC settlement
“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré
CPMI proposes ‘global settlement window’
BIS committee says window could work as focal point for aligning payment systems worldwide
Group tests bond settlement on French CBDC platform
Euroclear says CBDC-driven system can plug into existing market infrastructure
Payments Benchmarks 2021 – presentation
Central Banking’s payments subject matter specialist Rachael King speaks with Christopher Jeffery about payments, staffing and salaries, mandates, oversight, and RTGS renewal
Most central banks invest in derivatives
External managers facilitate wider use of these instruments
CPMI and Iosco say systemic stablecoins must meet FMI principles
Stablecoins perform similar functions to other financial market infrastructures, say bodies
BoE report sheds light on Covid market operations
Surge in scale and frequency of operations amid switch to work from home created “issues”
Climate training hub launched by international consortium
BIS training platform will act as single access point for climate risk training for central banks
BoE demands changes at Euroclear after system outage
Central bank takes supervisory action over outage that caused “notable” market disruption
HKMA and BoJ launch new securities settlement framework
New “delivery versus payment link” aims to reduce settlement risk