Settlement risk
Climate training hub launched by international consortium
BIS training platform will act as single access point for climate risk training for central banks
BoE demands changes at Euroclear after system outage
Central bank takes supervisory action over outage that caused “notable” market disruption
HKMA and BoJ launch new securities settlement framework
New “delivery versus payment link” aims to reduce settlement risk
Iceland prepares new interbank payment system for launch
Combined netting and high-value settlement system set to go live this week
CLS proposes second-tier FX settlement system
Stripped-back system for EM currencies mooted to tackle rising settlement risk
Book notes: After the crash, by Sharyn O’Halloran and Thomas Groll
The book seeks to identify seeds of the next crisis, and the overriding impression is a plea for more regulation
Custody initiative: Euroclear
The securities depository has debuted instant dollar settlement in central bank money outside the US – a service that has virtually eliminated settlement risk
Bank of Canada paper looks at risk in securities dealing
More complex dealer networks can increase probability of settlement failure, researchers find
Hong Kong and Thailand launch next phase of cross-border CBDC project
CBDC-based payments can cut costs and boost speed, HKMA and Bank of Thailand study shows
Forex market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
Swift conducts 13-second cross-border payment
Trials saw payments go from origination through to clearing and settlement in seconds
30 years of central banking
Central banks face credibility tests on a number of fronts
BIS paper: DLT opens possibility of ‘embedded supervision’
Distributed ledger data would be useful for supervision, but must be trustworthy, author says
BoE paper looks at how to halt ‘cascade’ of settlement fails
“Buy-in” process could help to avoid system-wide “gridlock”, but design is challenging
Hong Kong introduces resolution facility after FSB peer review
Updated funding framework could aid embattled banks in case of liquidity crunch
World Bank official says blockchain could cut settlement times
Official says first blockchain bond shows the technology's potential
RBNZ publishes new FMI regulation bill
Proposal would enhance central bank’s ability to hold market participants to binding standards
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
Philippines joins local currency settlement network
Malaysia, Indonesia and Thailand created system in 2017 to ease reliance on US dollar
Fed aims for real-time interbank settlement of faster payments
Brainard points to “growing gap” in US transaction capabilities
Bank of Thailand names digital currency partners
Central bank says first phase of ‘Project Inthanon’ should be completed by first quarter of 2019
PBoC warns businesses not to reject cash
Businesses are being given one month to rectify their practices
PBoC seeks to reassure bond investors amid default concerns
Pan Gongsheng says the central bank has not seen any “special abnormalities”