Yesterday, the Securities and Exchange Commission voted unanimously to approve a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. “I believe that providing the Commission’...
Authorities in Venezuela have confirmed that they will use NEM blockchain for a new planned cryptocurrency, backed by the state.  The proposed Petro currency will use free and open blockchain technology, created by the NEM Foundation. "We have signed two fundamental agreements for El Petro to circulate in the...
PRESS RELEASE 20 February 2018 Daily average nominal borrowing amount in the unsecured segment for the wholesale and interbank sectors, by maintenance period (EUR billions) Weighted average rate for wholesale sector borrowing in the unsecured segment by tenor and maintenance period
The Sound Practices on the implications of fintech developments for banks and bank supervisors assesses how technology-driven innovation in financial services, or "fintech", may affect the banking industry and the activities of supervisors in the ...
The Saudi Arabian Monetary Authority, controller of the country's central bank, has signed a deal with U.S. cryptocurrency firm Ripple to use its blockchain software to settle payments, marking a strong show of confidence for technology from Gulf regulators.   In what will be a first-of-a-kind pilot program, the central bank will use...
The Securities and Exchange Commission today announced charges against three Israeli residents, a Washington, D.C. attorney, and an Israeli auditor and his Maryland-based accounting firm for their roles in a fraudulent scheme in the creation of numerou...
FocusThis paper examines the reasons for the persistent negative 30-year swap spread. Because of the credit risk implicit in Libor, swap rates should exceed the (theoretical) risk-free rate and rise when bank credit risk increases. Further, Treasuries ...
The Securities and Exchange Commission today suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension or...
SummaryFocusThis paper looks at whether the information value of credit rating agency announcements relating to sovereign bonds has diminished since the Global Financial Crisis (GFC) of 2007-09. In particular, taking into account the prior credit statu...
There is room to improve the infrastructure for payments made by individuals, firms and government agencies that cross borders, according to a report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment...