Tech and data
Tradepoint’s passive triangulation algo for synthetic crosses
Product allows regional banks to show passive interest in non-existent pairs where there is no direct market
Powell says Fed will decide on 24/7 RTGS system ‘soon’
Fed under pressure to act amid flurry of legislative activity around payments
UBS developing customisable client pricing engine
Swiss bank wants to give individual clients fully customised price without affecting system performance
US regulators applying outdated laws to crypto, hearing told
Congress also urged to open up Fed payment system if it wants to reach the unbanked
Ripple attempts to pacify US regulators after libra hearings
Payments service provider says crypto assets would be complementary to dollar
Caplin introduces cryptocurrencies on trading platform
Technology firm seeks to copy elements of FX trading while capturing crypto-specific features
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
Identity crisis for Facebook’s Libra under lawmakers’ grilling
Washington wrestles with ‘regulating the heck’ out of Libra without stifling innovation
E-money poses serious threats to financial system, says IMF paper
Paper recommends a ‘synthetic CBDC’ to preserve financial stability
trueEX to shut; deal done with crypto venue
Would-be disruptor will exit swaps business on July 19
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC
PBoC sounds alarm over Facebook’s Libra
Central banks must keep control of Facebook currency, senior officials say
UBS exec: first trades via USC could take place this year
Risk Live: utility settlement coin project backed by group of banks moving “incredibly fast”
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Banks and prop shops expect more trading tie-ups
NDFs and FX swaps will increasingly trade on screen, but latter product gives banks advantage over non-banks
CBDC could work as contingency payment solution – Norges Bank
Research continues, although central bank finds CBDCs unnecessary to ensure public access to secure means of payment
Lawmakers try to halt Facebook’s Libra over privacy and security fears
Swiss-based financial system potentially storing trillions of dollars could be target for hackers
IMF: some central banks ‘on verge’ of piloting CBDCs
Survey highlights need for greater co-operation on fintech regulation
Swift bullish on future of cross-border payments
Tests of GPI system enhance speed and transparency
360TGTX to unveil new NDF streaming to aid bank algos
Complementary offering set to go live next quarter
CBDC effect on lending depends on competition
CBDC could increase bank lending if banks have some market power, they say
France’s de Galhau unveils G7 task force on ‘stablecoins’
Banque de France governor says group will weigh up impact of Libra and other “stable” crypto assets
FSB weighs options for tackling rise of non-banks
Randal Quarles says strict regulation necessary if crypto assets such as Libra are used widely