International

Big Picture

SWIFT, Accenture Explore Real-world Implications of CBDCs

By Sanday Chongo Kabange | 13/05/2021

SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

Capital / Liquidity

Resolution Authorities Should Have Operational Independence: BIS

By Ranamita Chakraborty | 12/05/2021

The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.

Market Infrastructure

DSB Launches Second Consultation on UPI Fee Model

By Manesh Samtani | 12/05/2021

The consultation covers UPI data access mechanisms, file download timing, user fees, a proposed contingency fund, cost allocation, invoicing, and capex amortisation.

Securities / Derivatives

CFA Institute Launches Working Group to Examine SPACs

By Sanday Chongo Kabange | 11/05/2021

The working group will publish a report in early 2022 and present its findings and policy recommendations, to US and global regulators.

Big Picture

How Derivatives Exchanges Can Promote Sustainable Development

By Ranamita Chakraborty | 11/05/2021

A new report from the WFE and the UN’s SSE Initiative offers guidance on how derivatives exchanges can facilitate the sustainability transition.

Big Picture

WEF Publishes Report Outlining Capital Market Use Cases of DLT

By Sanday Chongo Kabange | 10/05/2021

The report calls for a balance between innovation and market safeguards through standardisation, the breaking down of silos and regulatory engagement.

Capital / Liquidity

Standard-setters Examine Margin Practices of Market Participants

By Editors | 08/05/2021

Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.

ESG / Sustainability

BIS Innovation Hub, Bank of Italy Launch G20 TechSprint

By Editors | 08/05/2021

Private firms are invited to develop technological solutions to address operational problems in green and sustainable finance.

Big Picture

Industry Body Outlines Best Practices in CCP Credit Risk Management

By Editors | 08/05/2021

The best practices cover governance, model validation, annual credit reviews, operational capabilities, risk management, and portfolio monitoring.