Committee on Payments and Market Infrastructures

    Big Picture

    Crypto Asset Regulation “A Matter Of Urgency”, says BOE

    By Mark Johnston | 18/10/2021

    Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.

    Crypto / Digital Assets

    FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’

    By Mark Johnston | 08/10/2021

    The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.

    Market Infrastructure

    CPMI Calls for Solutions to Expand PvP Settlement

    By Editors | 08/10/2021

    Banks and fintechs are invited to share their views on potential solutions to expand PvP settlement to further mitigate FX settlement risk in global markets.

    Fintech / Regtech

    PFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm

    By Editors | 07/10/2021

    The transfer function of a stablecoin arrangement is “comparable” to the transfer function performed by other types of financial market infrastructures.

    Big Picture

    Lack of Crypto Regulation Presents Financial Stability Risk: IMF

    By Mark Johnston | 05/10/2021

    The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.

    Big Picture

    Industry Group Considers Options for Protecting Data at FMIs

    By Editors | 23/09/2021

    There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.

    Market Infrastructure

    BSP Directs Payment Systems to Adopt PFMI Standards

    By Editors | 18/09/2021

    Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.

    Market Infrastructure

    Philippine Banks Adopting Global Best Practices in FX Settlement

    By Jimmy Ho | 13/09/2021

    Jimmy Ho and Sammie Chan discuss Metrobank’s adoption of PvP settlement and how it reflects a broader trend in the Philippine banking industry.

    Market Infrastructure

    DTCC Urges Readiness for MAS Derivatives Reporting Requirements

    By Sanday Chongo Kabange | 12/08/2021

    Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.

    Market Infrastructure

    CPMI Workplan Highlights Focus on Stablecoins, CBDCs

    By Editors | 06/08/2021

    CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.

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