The US's cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar's dominance and have implications for sanctions evasion.
January 30, 2023The regulations provide clarity on the IT controls custody providers must have in place to mitigate cyber risks in their management of crypto wallets and keys.
January 19, 2023Business organisation and risk management deficiencies were identified at Eurex Clearing, Clearstream Banking and Clearstream Holding.
January 10, 2023The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.
December 27, 2022The proposed rule also sets out requirements for institutions to have systems and controls to securely store beneficial ownership information and limit its access.
December 19, 2022ASIC and the RBA asked ASX to issue a special audited report detailing arrangements to ensure the stability, security and resilience of the existing CHESS system.
December 16, 2022Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.
November 26, 2022UOB, was recognised for developing a solution within 100 days to strengthen digital banking security, during a period when Singapore was on heightened alert for scam and fraud threats.
November 22, 2022New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.
November 15, 2022The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.
October 18, 2022