Tokenised bonds benefit from lower underwriting fees and borrowing costs, exhibit higher liquidity and lower bid-ask spreads, and facilitate price discovery of similar conventional bonds.
The BCBS says full adoption of the Principles for Operational Resilience and revised Principles for the Sound Management of Operational Risk may take until at least 2025.
The new paper analyses the potential impacts of data sharing frameworks in the financial sector and provides recommendations for their implementation.
Criminal funds flowing through blockchains are "decreasing constantly" as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.
The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.
The industry groups welcomed the FSB’s focus on CCP resolution, but have raised some concerns and suggestions for improvement.
Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.
Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, "may not be sufficient from a systemic perspective", the paper says.
The BCBS is seeking comments and feedback from stakeholders beyond the banking sector to better understand the status of digital fraud as well as its mitigants.
FSB discussed "pockets of remaining banking-sector vulnerabilities" and ongoing work to implement the regulatory framework for crypto and stablecoins.
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