Events listed in Digital Finance
What are stablecoins and how do they work?
ID 25671
In view of the launch of various new discussion papers on a new regulatory framework for stablecoins (please see EventID 23724 and EventID 23817 in this context), the Bank of England has launched a new „explainer website“ on such stablecoins. The website contains various frequently asked questions (FAQs) about stablecoins, including the following – as quoted: – What is a stablecoin? – Is Bitcoin ...
Letter from David Bailey, Nathanaël Benjamin and Vicky Saporta on ‘Innovations in ...
ID 25669
In view of and concurrently to the publication of two discussion papers, one by the Financial Conduct Authority (FCA) and one by the Prudential Regulation Authority (PRA), about a new supervisory regime for issuers, distributors, and custodians of stablecoins (EventID 23724 and EventID 23817), the PRA has published a Dear CEO Letter addressed at deposit taking institutions. **In this letter, the PRA formulates its ...
Cross-authority roadmap on innovation in payments
ID 25667
Following the publication of two discussion papers, one by the Financial Conduct Authority (FCA) and one by the Prudential Regulation Authority (PRA), about a new supervisory regime for issuers, distributors, and custodians of stablecoins (EventID 23724 and EventID 23817) and a related Dear CEO Letter (EventID 23820) about regulatory expectations of UK depository institutions when engaging in digital money deposit-taking or issuance, **the two ...
FSTB publishes details of three major initiatives announced in Hong Kong FinTech ...
ID 25664
Following the announcement of three major initiatives during Hong Kong’s latest FinTech week to foster the application of FinTech and the development of Hong Kong as a key financial market place by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, the Financial Services and the Treasury Bureau (FSTB) has now released a corresponding document to provide more details on those initiatives. ...
SNB lanciert Pilotbetrieb mit digitalem Zentralbankgeld für Finanzinstitute
ID 25622
Die SNB startet am 1. Dezember 2023 in Zusammenarbeit mit sechs Geschäftsbanken einen Pilotbetrieb namens Helvetia Phase III. Der Pilot umfasst die Ausgabe von Wholesale CBDC in Schweizer Franken auf der SDX, einer regulierten Plattform, die auf DLT basiert. Der Schritt bedeutet einen Übergang von Testumgebungen zur tatsächlichen Produktion, wobei Wholesale CBDC für die Abwicklung realer Anleihentransaktionen bereitgestellt wird. Die teilnehmenden Banken, darunter die ...
Synthetic Data Expert Group update on progress
ID 25608
The Financial Conduct Authority (FCA) has published a press statement to provide an update on the progress of the Synthetic Data Expert Group (SDEG). The group was established in March 2023 to explore the use of synthetic data in financial markets. It consists of 21 experts from various (business) sectors, including financial market participants, technology vendors, consumer groups, and the public. The group is ...
FCA joins forces with global regulators to foster digital innovation with Project ...
ID 25594
The Financial Conduct Authority (FCA) has issued a press statement to inform that it has joined a collaboration with key regulatory authorities of Singapore, Japan, and Switzerland under Singapore’s „Project Guardian“ which is a project to further explore use cases for the tokenization of assets and funds and decentralized finance. Specifically, the FCA joins a corresponding policymaker group consisting of MAS, Singapore’s central bank, ...
Protect consumers’ access to payment accounts
ID 25576
In view of the changing payment landscape in Sweden, the Swedish Ministry of Finance conducted a study on the current payment ecosystem and on the role of the Swedish state in such earlier this year. The results of the study triggered some proposed targeted amendments to numerous Swedish acts and regulations as outlined in the two enclosed statements. The Swedish financial market regulator, Finansinspektionen ...
MAS Partners Policymakers in Japan, Switzerland and the UK to Foster Responsible ...
ID 25567
The Monetary Authority of Singapore (MAS) has announced a strategic collaboration with key regulatory authorities in Japan, Switzerland, and the United Kingdom to „advance digital asset pilots in fixed income, foreign exchange and asset management products“ in an effort to further promote responsible digital asset innovation. This partnership involves MAS, the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), ...
HKMA publishes the “e-HKD Pilot Programme Phase 1 Report”
ID 25554
The Hong Kong Monetary Authority (HKMA) has published a report on the key findings from phase 1 of the HKMA’s e-HKD Pilot Programme. To recall, the e-HKD pilot program was established two years ago in 2021 to evaluate the potential use of a retail Central Bank Digital Currency (rCBDC) in Hong Kong, the so-called e-HKD. Numerous participants engaged in the program and explored various ...