China is closing in on its goal of issuing a digital version of its currency, publishing a draft regulatory framework that would outlaw privately-issued yuan-pegged tokens while legalising a new official digital yuan – days after The Bahamas became the first country in the world to roll out a full-scale CBDC.
The Financial Stability Board has published a finalised cyber response toolkit, after critics said its earlier draft guide could prove to be a financial burden for smaller banks.
US financial regulators have approved measures requiring major banks to prove their funding can endure one year of stress, amid objections from minority members of the Federal Reserve and FDIC boards that the revamped rule “defeats the purpose” of the original proposal.
On 23 October, the International Swaps and Derivatives Association, Inc. (ISDA) released the ISDA 2020 IBOR Fallbacks Supplement to the 2006 ISDA…
On October 20, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the…
Would provide parties with uniform way to address existing and new derivatives contracts after discontinuation of LIBOR…
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Bank of England governor Andrew Bailey has urged caution on stablecoin initiatives, saying multi-currency ‘baskets’ are the “wrong place to start”.
GBRR is assembling a “45 under 45” survey, and inviting nominations from our readers.
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