Tech and data
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Central banks urged to adopt DLT-based CBDC
Industry figures argue central bank money needed for token-based securities settlement, but central bankers sceptical
ECB prepares for ‘big-bang’ move to new market infrastructure
Eurozone's payments, instant payments and securities settlement systems will merge by end of 2021
Swift conducts 13-second cross-border payment
Trials complete payments from origination through to clearing and settlement within seconds
IMF officials call for ‘far-sighted’ digital currency regulation
Stablecoins could put weaker currencies at risk and increase illicit activities
Tradepoint onboards 10 streaming NDF providers for broken dates
The firm sees greater use of algos to trade NDFs in increasingly electronified market
Stablecoins raise ‘sovereignty challenge’, says de Galhau
French governor says rise of the cryptocurrencies highlights need for pan-European action on payments
ECB’s Cœuré weighs stablecoin risks
Executive board member calls for improved global payment systems while preserving global policy priorities
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan
Tradefeedr partners Goldman Sachs, UBS and XTX Markets
The Tradefeedr tool aims to replicate analytics used by banks and large market-makers when pricing counterparties
Dutch central bank to start supervising crypto firms
New powers result from implementation of EU directive tackling anti-money laundering
Argentina opens IMF talks as crisis deepens
Government extends debt maturity and pledges reserves will not be used to repay international investors
BIS chief warns of ‘serious consequences’ from retail CBDC
Carstens envisages system with wholesale digital currency alongside private retail payment systems
Carney: digital currency could help fix global monetary system
“Synthetic hegemonic currency” could end destabilising dominance of dollar
Esma investigates whether middleware providers are venues
Aggregated FX liquidity offerings accused of masquerading as multilateral trading facilities
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates
Argentine central bank tries to halt peso’s slide
Peso falls after primary election results come as blow for President Macri
PBoC says new digital payment system almost ready
New electronic payment system will use double-layer framework for digital currency
China discloses FX portfolio for first time
Report shows ratio of US dollar-denominated assets declined to 58% in 2014, from 79% in 1995
Central banks need better crypto asset data – ECB research
Links between crypto assets and regulated financial sector may increase and challenge regulatory frameworks
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
Tradepoint’s passive triangulation algo for synthetic crosses
Product allows regional banks to show passive interest in non-existent pairs where there is no direct market
Powell says Fed will decide on 24/7 RTGS system ‘soon’
Fed under pressure to act amid flurry of legislative activity around payments
UBS developing customisable client pricing engine
Swiss bank wants to give individual clients fully customised price without affecting system performance