On The Web

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Mexico Central Bank Tightens Rules On Electronic Transfers

July 30 2018

• in
• Central Banks

“Mexico’s central bank on Friday tightened requirements for participants in the country’s electronic interbank payment system (SPEI), following a wave of coordinated attacks that manipulated the system earlier in the year was made public. Those attacks, coordinated between hackers and client accomplices, cost banks an estimated 300mn pesos (US$16mn). Still under investigation, the incidents put pressure on authorities to quickly act […]

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Central Banks Should Consider Offering Accounts To Everyone

June 12 2018

• in
• Central bank digital currencies (CBDC)
• Central Banks

“Some central banks are considering whether and how to expand the use of their own digital money. Sweden’s Riksbank, for example, is exploring ways to create a widely used e-krona. In June Swiss voters will participate in a referendum on a radical monetary reform, one effect of which would be to give individuals access to […]

On The Wires

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Bank of England on DLT: RTGS Renewal Proof of Concept: Supporting DLT Settlement Models

March 28 2018

• in
• Central Banks

“Although the Bank has concluded that Distributed Ledger Technology (DLT) is not yet sufficiently mature to provide the core for the next generation of RTGS, it places a high priority on ensuring that the new service is capable of interfacing with DLT as and when it is developed in the wider sterling markets.”