International

CBDCs

Allowing Self-Custody Should be Considered in CBDC Design

By Sanday Chongo Kabange | 30/01/2023

World Economic Forum article suggests CBDC designers should consider allowing self-custody as an option to increase overall user dignity and welfare.

PEPs & Sanctions

West Imposes More Iran Sanctions in Response to Protest Handling

By Editors | 29/01/2023

Iran responded with sanctions against EU and UK individuals and entities. IAEA director general Rafael Grossi plans to visit Iran in February for “much needed” political dialogue.

Cryptocurrency

ISDA Launches Standard Definitions for Digital Asset Derivatives

By Editors | 27/01/2023

ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.

Custody & Infrastructure

New Network Launches to Facilitate Stablecoin, CBDC Transfers

By Editors | 27/01/2023

Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.

Cybersecurity

Regulation Increasingly Seen as Effective Way to Boost Cyber Resilience

By Manesh Samtani | 25/01/2023

New report by World Economic Forum and Accenture finds that 73% of business leaders think regulations are effective in reducing cyber risks.

CBDCs

BISIH London Invites Firms to Test Retail CBDC API Platform

By Editors | 25/01/2023

Project Rosalind’s phase one work will be complete within Q1 and be followed by a further phase focused on testing and validating API functionality.

Capital Adequacy

EU Lawmakers Back Draft Law to Implement Basel III

By Editors | 25/01/2023

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

DeFi & Web3

BIS Paper Offers Technical Model for Assessing DeFi Risks

By Editors | 24/01/2023

The paper highlights the intertwined nature of DeFi protocols, the dependencies they can have on stablecoins, and how such dependencies can present vulnerabilities.

Sustainable Finance

WEF Paper Outlines Steps for Responsible Carbon Market Engagement

By Sanday Chongo Kabange | 24/01/2023

New paper from the World Economic Forum and Bain & Company calls for “decisive action” to scale up VCMs and ensure they serve the promised environmental and societal benefits.