Japanese central bank and European counterpart conclude from 'Project Stella' tests of DLT in RTGS that the technology is not yet mature enough.
Regulator’s chairman says each algorithmic system must have designated individual responsible for design and outcomes, echoing new bank accountability regime.
Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency rulings unlikely.
Improved access for consumers and step towards cashless economy made possible by proprietary cryptocurrency systems.
Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.
Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges' front-line supervision, citing failures exposed by 2015 stock market turmoil.
Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.
Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.
Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.
SBI and Rakuten expect artificial intelligence software to be operational for detecting market manipulation within this year.
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