International

Payments & Settlements

ISO 20022 Adoption Benefits Banks and Their Clients

By Kevin Wong | 22/02/2023

The global implementation of the ISO 20022 standard beginning in March 2023 marks the start of an exciting new era for cross-border payments, says Kevin Wong.

Emerging Prudential Risks

FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023

By Editors | 21/02/2023

In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.

Payments & Settlements

CPMI Offers Guidance on Extending RTGS Operating Hours

By Editors | 21/02/2023

Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.

Emerging Prudential Risks

FSB Warns of Excessive Concentration Risk in in Commodity Markets

By Mark Johnston | 20/02/2023

The concentration of market power among a few firms and their reliance on debt increases the potential for market disruptions in commodity markets.

Market Data & Technology

Industry Bodies Open Common Domain Model on FINOS Platform

By Editors | 20/02/2023

The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.

DeFi & Web3

GBBC Digital Finance Joins IOSCO as Affiliate Member

By Editors | 20/02/2023

GBBC Digital Finance will this year prioritising work to construct a DeFi education and engagement platform.

Credit Risk

FSB Calls for Research on Post-GFC Securitisation Reforms

By Editors | 20/02/2023

The FSB is seeking academic papers that examine the extent to which securitisation operates on a sound and sustainable basis and provides appropriate alignment of incentives.

CBDCs

Russia to Launch CBDC Consumer Pilot in April With 13 Banks

By Editors | 20/02/2023

The 13 participating banks have “passed all tests” to confirm their technical readiness to start the pilot with a limited number of clients.

Capital Adequacy

EU Banks Will Have to Meet 1,250% Crypto Risk Weight Early

By Manesh Samtani | 19/02/2023

A draft law confirms that the 1,250% risk weight set by the BCBS will apply to crypto asset exposures. But EU banks are asked to comply before the rule is legally binding.