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Central Bank Digital Currency (CBDC) Information Security And Operational Risks To Central Banks - Report By The Consultative Group On Risk Management (CGRM) Established At The BIS Representative Office For The Americas

Date 29/11/2023

Introducing a central bank digital currency (CBDC) will have far-reaching implications for the operations of the issuing central bank and the risk it faces. Both will depend mainly on the particular design adopted and on a large range of factors internal and external to the central bank. This report analyses the operating, technology, third-party and business continuity risks for the issuing central bank. It therefore provides a useful complement to other work on CBDCs, which tends to focus on their implications for financial stability, monetary policy and the wider economy.

Prepared Remarks Before The Small Business Capital Formation Advisory Committee By SEC Chair Gary Gensler

Date 29/11/2023

Good morning. I’m pleased to speak with the Small Business Capital Formation Advisory Committee. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

U.S. Department Of The Treasury Sanctions Mixer Used By The DPRK To Launder Stolen Virtual Currency - Mixing Services That Enable Cybercriminals Continue To Face Consequences

Date 29/11/2023

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Sinbad.io (Sinbad), a virtual currency mixer that serves as a key money-laundering tool of the OFAC-designated Lazarus Group, a state-sponsored cyber hacking group of the Democratic People’s Republic of Korea (DPRK). Sinbad has processed millions of dollars’ worth of virtual currency from Lazarus Group heists, including the Horizon Bridge and Axie Infinity heists. Sinbad is also used by cybercriminals to obfuscate transactions linked to malign activities such as sanctions evasion, drug trafficking, the purchase of child sexual abuse materials, and additional illicit sales on darknet marketplaces.

NGX Holds Seminar On Repositioning Analytics And AI For Capital Market Growth

Date 29/11/2023

Nigerian Exchange Limited (NGX) is set to host a webinar for capital market stakeholders on the importance of Artificial Intelligence (AI) in growing the capital market on December 1, 2023.

Excerpts From Deputy Secretary Of The US Treasury Wally Adeyemo’s Remarks At The 2023 Blockchain Association’s Policy Summit

Date 29/11/2023

On Wednesday, November 29, Deputy Secretary of the Treasury Wally Adeyemo will deliver remarks followed by a fireside chat at the 2023 Blockchain Association’s Policy Summit. Deputy Secretary Adeyemo’s remarks build on Treasury’s work to promote responsible innovation while countering the illicit use of digital assets, including in last week’s historic settlement with Binance. The following are excerpts from the Deputy Secretary’s remarks as prepared for delivery.

Nasdaq Announces Semi-Annual Changes To OMX Stockholm Benchmark Index

Date 29/11/2023

Nasdaq (Nasdaq: NDAQ) announced today an update to the results of the semi-annual review of the OMX Stockholm Benchmark Index, (Nasdaq Stockholm: OMXSB), which will become effective at market open on Friday, December 1, 2023.

BIS: Basel Committee Consults On A Disclosure Framework For Climate-Related Financial Risk

Date 29/11/2023

• Basel Committee issues public consultation on a Pillar 3 disclosure framework for climate-related financial risks.
• Forms part of its holistic approach to address climate-related financial risks to the global banking system.
• The Committee invites submissions on the proposals by 29 February 2024.

BIS: The Financial Origins Of Regional Inequality

Date 29/11/2023

Over the last decades, regional inequality in the United States and other advanced economies has steadily increased as income growth in urban areas has outpaced that in rural areas. This geographic divergence is believed to have brought devastating economic and social cleavages, including entrenched poverty, deaths of despair and political polarisation.

FTSE China Index Series Quarterly Review – Q4 2023

Date 29/11/2023

• No changes to the FTSE China A50 Index
• One addition to the FTSE China 50 Index

Opening Remarks At The 50th Anniversary Of The London Foreign Exchange Joint Standing Committee (FXJSC) - Bank Of England Governor Andrew Bailey, Given At FXJSC 50th Anniversary Event Held At The Bank Of England, London

Date 29/11/2023

To mark the anniversary of the FXJSC, founded in November 1973, Andrew Bailey surveys some of the key thematic changes seen in FX markets over the past 50 years – from the role of currencies in macroeconomic frameworks; to the huge diversification in the range of market participants, the trading and settlement technologies they use; and the evolving toolkit needed to maintain safety, soundness and financial stability.  Against that dynamic backdrop, two features of the market have remained constant – the UK’s position as the largest single FX centre; and the important role played by the FXJSC as a forum for facilitating market functioning, in both calm and unsettled times.  The strengths of the FXJSC model has seen it adopted by many other national centres, as well as the Global Foreign Exchange Committee, established in 2017 to own the new FX Global Code.