FMI
Bank of Canada collaborates with private sector on cyber defence
New partnership with private sector bridges gaps in cyber resilience co-ordination, Poloz says
Riksbank needs 24/7 instant payments platform – deputy governor
Ever higher use of electronic payments demands better infrastructure to guarantee safety, says Martin Flodén
RBI waives RTGS fees in bid to boost digital payments
Banks expected to pass the cost savings on to their customers
BoE’s Ramsden calls time on Libor use
Deputy governor says progress on transition to Sonia benchmark needs to accelerate
New data reveals 20% drop in correspondent banking
CPMI data reveals ongoing decline; FSB unveils latest work to reverse trend
RBI unveils vision for e-payments overhaul
Central bank says next 10 years will see “revolutionary shift” in payments across India
Fed proposes modifications to the wholesale payment network
Proposal to extend window comes with risks but the Fed says it might have a solution
IBM wins contract to support Canadian RTGS overhaul
Canada is preparing to replace its unusual high-value payment system with a new generation
Macao weighs launch of yuan-denominated securities market
City aims to become yuan-clearing centre for Portuguese-speaking nations
Vocalink and IBM to provide Saudi faster payments system
Instant payment system slated for launch at the end of 2020
Finding our way to the new Ibors
Richard Heckinger highlights possible pitfalls on the road to new reference rates
Central banks will not rescue firms from future of payments – ECB’s Cœuré
Market disruption is likely as incumbent banks fight to remain relevant to customers who demand more from their payment service providers
Cyber fraudsters starting to rethink tactics – report
Swift research shows hackers have switched to transferring smaller amounts during normal business hours
RBA begins push for ISO 20022 payments migration
Central bank wants to make the switch before Swift ends support for some message types
Philippines joins local currency settlement network
Malaysia, Indonesia and Thailand created system in 2017 to ease reliance on US dollar
Pakistan central bank opens up financial sector to non-bank players
Finance minister pledges central bank-issued digital currency by 2025
National Bank of Cambodia to deploy blockchain payments system in 2019
Use of blockchain may improve financial inclusiveness of payments system
Arab regional payment system set for 2020 launch
The new system would replace the costly and inefficient correspondent bank model
Boston Fed research encourages tokenisation for ecommerce
Payment method could reduce fraud, paper says, given account information is removed from the process
‘Clock ticking’ for Australian institutions exposed to Libor – RBA’s Kent
Deputy governor warns current fallback measures may not be enough to mitigate transition disruption
Time running out for Brexit data compliance, Bailey warns
FCA head also highlights shortfall on Mifid trading venue equivalence
US’s first Libor-replacement term rate coming in 2020
Staff at the New York Fed are working on a series of backward-looking averages
NY Fed paper scrutinises post-crisis CDS market
Little research has been done on the market at a “granular level”, authors say
Fourth non-bank gains BoE settlement account
Bank of England continues to level the playing field with new entrant FairFX, following FCA audit