Committee on Payments and Market Infrastructures

    Payments & Settlements

    CPMI to Define Service Level Template for Cross-border Payments

    By Editors | 13/12/2021

    Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.

    Clearing & Post-Trade

    CPMI, IOSCO Consider Client Clearing Access Models

    By Editors | 29/11/2021

    Improving access to client clearing is “critical” to ensuring all standardised OTC derivatives contracts are cleared through CCPs.

    Payments & Settlements

    CPMI Proposes to Extend & Align RTGS Operating Hours

    By Editors | 19/11/2021

    CPMI proposes to align RTGS operating hours so they can be used for cheaper, faster, and safer cross-border payments.

    Market Risk

    International Standard Setters Launch Review into Margin Practices

    By Editors | 26/10/2021

    While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

    Cryptocurrency

    Crypto Asset Regulation “A Matter Of Urgency”, says BOE

    By Mark Johnston | 18/10/2021

    Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.

    Stablecoins

    FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’

    By Mark Johnston | 08/10/2021

    The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.

    Payments & Settlements

    CPMI Calls for Solutions to Expand PvP Settlement

    By Editors | 08/10/2021

    Banks and fintechs are invited to share their views on potential solutions to expand PvP settlement to further mitigate FX settlement risk in global markets.

    Stablecoins

    PFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm

    By Editors | 07/10/2021

    The transfer function of a stablecoin arrangement is “comparable” to the transfer function performed by other types of financial market infrastructures.

    Cryptocurrency

    Lack of Crypto Regulation Presents Financial Stability Risk: IMF

    By Mark Johnston | 05/10/2021

    The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.

    Cybersecurity

    Industry Group Considers Options for Protecting Data at FMIs

    By Editors | 23/09/2021

    There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.

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