MARKET INFRASTRUCTURE

Market Infrastructure

RBI Issues Draft Framework on Recognition of Payments SROs

By Editors | 18/08/2020

Recognised self-regulatory organisations would be responsible for establishing minimum benchmarks and standards for the proper functioning of their member entities.

Market Infrastructure

RBI Allows Formation of New Umbrella Entities for Retail Payments

By Editors | 18/08/2020

The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.

Capital / Liquidity

Global Lockdowns Could Accelerate BCBS 239 Compliance

By John Berven | 17/08/2020

BCBS 239 implementation progress has veered off course at some banks as a result of the Covid-19 crisis, prompting a need for reassessment, says John Berven at Solidatus.

Capital / Liquidity

CBIRC Projects ¥3.4tr in Bad Loans for 2020, More in 2021

By Editors | 16/08/2020

CBIRC chairman Guo Shuqing says banks should prepare by replenishing capital, increasing provisioning, and improving risk management.

Market Infrastructure

FSB Publishes Information Gathering Template on FMI Access

By Editors | 16/08/2020

The template will streamline the process of gathering information about access to clearing, payment, settlement, custody and other FMI services in cases where firms need to be resolved.

Fintech / Regtech

Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar

By Sanday Chongo Kabange | 16/08/2020

Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.

Capital / Liquidity

Bank Capital in a Public Health Crisis: Reflecting on Twin Challenges 

By Jamie Lloyd Evans | 16/08/2020

Industry veteran Jamie Lloyd Evans discusses Basel III in light of concerns regarding capital adequacy and bank lending, and offers some thoughts on potential design improvements to the capital framework.

Fintech / Regtech

UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot

By Sanday Chongo Kabange | 16/08/2020

The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.

Market Infrastructure

Korea Kicks Off First Meeting of New Green Finance Task Force

By Manesh Samtani | 13/08/2020

The task force will establish a monitoring system for climate-related financial risks, lead efforts to boost investment in green industries, and promote ESG investing in Korea.