Payments
Fed aims for real-time interbank settlement of faster payments
Brainard points to “growing gap” in US transaction capabilities
Mersch issues warning to European payment providers
European firms must innovate or risk being competed out of instant payment sector
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
Crypto bank targets 2019 launch
Switzerland’s Seba Crypto sets its sights on banking licence with “technology-neutral” regulator
New crypto asset database needed to better understand risks - Canada’s Lane
Crypto assets should be classified by attributes and functions, Canadian deputy says
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
Cash still reigns in euro area
Large number of countries still use cash for high-value payments, but national disparities remain
EU countries to build payments link with Iran
“Special purpose vehicle” designed to allow “legitimate business” with Iran, despite US sanctions
Payment costs down 50% in Denmark
Cash usage declines to the same level of credit cards, official survey says
IT failures reveal vulnerabilities in UK banking system
Barclays and NatWest are latest victims of internal failure
Riksbank offers deposit facility to central counterparties
Measure intends to reduce impact of liquidity shocks in krona-denominated transactions
Central Banking FinTech RegTech Global Awards 2018
Winners In Focus
Insights from network analytics in suptech
With regulators leveraging technological innovations to move towards informed, data‑driven decision‑making and automation, supervisory technology is attracting enhanced interest. Kimmo Soramäki and Phillip Straley examine how regulators are gaining…
Foreign jurisdictions could disrupt European payments, Mersch warns
EU must end reliance on foreign-based payment card providers, ECB official says
The Bank of England’s missing records
Central banks need to implement robust archiving frameworks, should they want to maintain public trust and learn from the lessons of the past, writes former Bank of England official historian Forrest Capie
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
Swedish deputy governor praises eurosystem’s instant payments project
Government involvement necessary for safe real-time payments, Jochnick says
Bank of Thailand names digital currency partners
Central bank says first phase of ‘Project Inthanon’ should be completed by first quarter of 2019
Australian payments upgrade eases emergency payments – RBA deputy governor
New payments platform speeds payments between government agencies, Boulton says
Removing low-denomination coins not inflationary - BoE research
Rounding would be applied to total bill and not individual items, paper argues
Denmark completes RTGS renewal
New functionality will allow Danish banks access to Europe’s Target2-Securities in late 2018
Kenyan central bank toughens cyber security standards
Regulator issues minimum standards for cyber security for payment system providers
Book notes: Digital human, by Chris Skinner
Skinner provides a valuable insight into the challenges banks face as technology continues to permeate further into the financial industry