Financial market infrastructure
Indonesia’s central bank pledges major infrastructure changes
Five-year plan aims to upgrade payments infrastructure and boost inclusion rates
Australia’s FMI supervisory oversight ‘not fit for purpose’
Proposal would transfer oversight of FMIs to central bank and securities regulator
Benoît Coeuré to head BIS innovation hub unit
Senior ECB official is highly regarded for work on payments and has warned of need for change
BdF paper looks at digital currency and remuneration
Remuneration is key consideration for design of central bank-issued digital currencies, paper argues
Hong Kong authorities look at term structure for risk-free rate
New ‘proxy’ Honia could help change discount rate from Hibor to OIS for local swaps
PBoC says its bills are better tools than bonds for China
Central bank bills will play a bigger role in stabilising yuan exchange rates, suggests PBoC research note
Central banks should consider wholesale digital currency – BdF deputy
Markets’ “tokenisation of financial assets” risks creating disorderly infrastructure, Beau says
FDIC chair says US community banks must upgrade technology
“Banks, if you do not innovate, you will lose in the long run,” Jelena McWilliams warns
Albanian central bank introduces first polymer notes
Governor calls on parliament to approve draft law on improving payments systems
ECB’s Mersch attacks Facebook over ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
Tanzanian central bank fines lenders over in-country data centres
Move comes as doubts grow over quality of banking sector and official statistics
Lagarde calls for eurozone-wide fiscal capacity
Eurozone nations should have counter-cyclical fiscal instrument and common treasury – Lagarde
Firms must prepare for reference rate transition – ECB working group
New €STR rate will be recalculated on same day if major errors are detected, report says
Derivatives users split over legacy Libor swaps
CCPs say cleared swaps will move to new rates if Libor is no longer representative of markets
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on blockchain-based cross-border funds transfer technology
Hurricane forecasting has ‘significant effects’ on financial markets – Fed
Cutting forecast errors could reduce additional volatility, researchers say
ECCB launches public debt investor information website
New website could help solve “long-standing issue” of excess liquidity, ECCB governor says
Ukrainian central bank to introduce IBAN for banking system
Use of system will bring Ukrainian banks closer to European Union practices
EU risks creating unlevel playing field in fintech – EBA report
European fintech companies are increasingly coming under EU regulation, report says
BIS to set up three fintech innovation hubs
New hubs will be set up in Hong Kong, Singapore and Basel
BoE drops Libor for hedging UK forex reserves
Bank of England adopts Sonia reference rate in UK Treasury swap programme
High-frequency trading can harm market liquidity – ECB paper
Researcher finds increased competition can lead to rise in speculative strategies
Fed pushes big banks to tally CVA for central counterparties
Banks told to quantify exposure to CCPs for annual stress tests
Norges Bank to administer Nowa benchmark rate from 2020
The rate is calculated based on data provided by 11 banks