Tokenised payment systems pose compliance and systemic risks, regulator says
New swap platform hopes to ease funding pains, but can it promote more use of PvP?
Trading tokenised versions of currencies on blockchain could slash settlement risk but sceptics raise concerns over liquidity and pricing
Swiss bank tested various use cases in the trading business before giving up on the technology
Isda AGM: Veteran trader warns of “ugly tail risks” if market plumbing is not upgraded
Not everyone is happy with the discretion new digital definitions offer to calculation agents
Cash-like tokenised instruments find takers; initiatives based on less liquid assets struggle to take off
New measures to safeguard digital assets threaten to squeeze the life out of custody business, insiders fear
Limited scope of pilot project risks holding back issuer and depository participation
Clients shun DLT connectivity to centralised swaps database in favour of the cloud
Automated market-makers are already used for EUR/USD trades – now can they tackle settlement risk?
New derivatives provide synthetic access to staking yields and are being used in structured products
Collateral concerns and iffy auditing have raised fears of a ‘de-pegging’ event – and possible contagion across crypto and beyond
Clients included Citi, State Street and Vanguard
Vendors deemed to suffer most in fallout from “paused” blockchain settlement project
US regulators also preparing more guidance on concentration risk for outsourcing providers
Success of blockchain venues has implications even beyond crypto
Proposed infrastructure add-on could make blockchain settlement and payment systems non-viable
Asia Risk Awards 2022
Collapse of hedge fund Three Arrows Capital exposes “sloppy and irresponsible” credit standards among crypto lenders
Blockchain’s proponents say faster settlement times make technology akin to TV’s streaming revolution
The authors investigate the effectiveness of the Ether–Tether liquidity pool on the Uniswap V2 and note that cointegration between the price set by the liquidity pool and its price elsewhere is a necessary condition of effectiveness.
Blockchain-based platforms from JP Morgan and Broadridge offer smart contracts that enable intraday repo
Q&A: Automated market-making may have contributed to depegging, says a crypto fund manager