FMI
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”
Bank of England experiment tests RTGS with DLT in mind
DLT proof-of-concept participants suggest implementing “cryptographic-proof” model
Regulators using blockchain for KYC data sharing
Central Bank of Colombia and Federal Reserve Bank of Boston collaborate with R3 on KYC pilot
PBoC seeks to reassure bond investors amid default concerns
Pan Gongsheng says the central bank has not seen any “special abnormalities”
BoE official considers possible new frameworks for retail payments
“Multi-vendor” more resilient but “single vendor” easier to regulate, David Bailey says
DLT could reduce risk in payments – BoE official
Cryptography could help secure payments messages and reduce the risk of fraud
Swift aims to have all members using GPI system by late 2020
Corrected: Network wants to integrate all 10,000 banks into the cross-border payment system
DLT will be a ‘catalyst for change’ – RBA’s Richards
New technologies have highlighted inefficiencies in existing payment infrastructure