Two new reports provide intellectual underpinning for more active engagement by central banks in digitalisation initiatives.
What the AFR thought of Sibos.
Swift believes the securities markets are at risk of cyber attacks, echoing sentiments in an industry report which highlighted how the sector has more points of vulnerability than the payments industry, writes Jon Watkins
Organised crime, leveraging the dark web, is becoming far more effective in collaboration and sharing data about how to attack digital facilities and assets than those tasked with countering such threats, Sibos delegates were told yesterday, writes Roland Tellzen.
Cryptocurrencies have come a long way since their early associations with libertarian aversion to government surveillance. Discussion, if not yet concrete application, of digital currencies has permeated banks and other financial institutions, writes Richard Schwartz
Custodians may have difficulty to identify and verify potential criminal investors due to a lack of information capabilities, and therefore struggle to avoid being fined, writes Joe Parsons.
Australia’s big four banks – the Commonwealth, Westpac, ANZ and National Australia Bank – already under critical scrutiny from the Federal Government’s Royal Commission into the financial services sector, are also girding themselves for the challenges of open banking, writes Roland Tellzen.
New initiative should facilitate regulatory collaboration.