Payments
Seven threats from big tech’s libra
Can central banks avoid a ‘big tech’ monetary meltdown?
Kansas Fed’s George defends proposed instant payments system
Former FDIC head Bair warns current payment systems could fail “catastrophically”
Finnish paper looks at Chinese currency swap agreements
Bilateral swap agreements increase settlement of trade transactions in renminbi – researchers
Regulators should embrace digital ID
The lack of a single ID in financial services is causing unnecessary friction, argues Dave Birch
Bank of Israel grants digital bank licence
Israel joins growing list of jurisdictions permitting online-only financial services
Central banks urged to adopt DLT-based CBDC
Industry figures argue central bank money is needed for token-based securities settlement, but central bankers are sceptical
Swift conducts 13-second cross-border payment
Trials saw payments go from origination through to clearing and settlement in seconds
Yemeni government appoints new central bank head
New appointee will be the fourth to hold the role since outbreak of civil war in 2015
ECB prepares for ‘big bang’ move to new market infrastructure
Eurozone's payments, instant payments and securities settlement systems will merge by end of 2021
Cyprus central bank adopts Maps treasury management system
The system was built by Calypso and has been used by the Bank of Spain and Banque de France since 2016
30 years of central banking
Central banks face credibility tests on a number of fronts
UK cash use squeezed by rise of fintech and ATM fee changes
Accounts with fintech firms and open banking proving increasingly popular, report finds
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoins group included Libra Association, Fnality and JP Morgan
Overseeing China’s payments revolution
The PBoC has tried to strike a balance between facilitating bigtech innovation and reining in risks, amid an explosive growth in mobile payments
Papua New Guinea upgrades payment system
More financial institutions to use new central switch in bid to improve efficiency and inclusion; international networks also to be added
UK regulator seeks ways to ‘open up’ payments data
PSR says “synthetic data” could be used in trials to protect confidentiality
Venezuela uses Bank of Spain to carry out international transfers
Maduro regime faces sanctions to prevent it accessing US financial system
MAS launches initiative to help payment firms with compliance
Two-month pilot will help connect payment firms with legal service providers
The winners of the 2019 Fintech and Regtech Global Awards
Prizes awarded for outstanding work at the cutting edge of financial technology
Innovation for real-time payments and settlements
Financial and institutional banking have undergone a transformational technological shift, meaning working in real time is increasingly commonplace. This is not the case for payments and settlement, which can still take days. Baton Systems explores how…
Fintech and risk: what does the future hold?
Five key areas where regulators need to make judgements on fintech risks
Carstens warns of ‘serious consequences’ from retail CBDC
BIS chief envisages system with wholesale digital currency alongside private retail payment systems
Central banks face loss of independence – Central Banking survey
A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits
Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail and use of CCyBs, highlights challenges of an asymmetric monetary system, hits out at cumbersome payments and warns Facebook’s libra cannot ‘learn as…