New swap platform hopes to ease funding pains, but can it promote more use of PvP?
Idea floated as battery of initiatives vie to address slowing use of PvP services
This paper proposes an intraday liquidity risk indicator (LRI) for each participant in a real-time gross settlement system (RTGS).
How much liquidity would a liquidity-saving mechanism save if a liquidity-saving mechanism could save liquidity? A simulation approach for Canada’s large-value payment system
This paper investigates how much liquidity requirements can be reduced with the implementation of different LSMs in the Financial Network Analytics simulation engine using LVTS transaction data from 2018.
Collateral used to back ‘stablecoins’ such as libra will be unavailable for reuse
Identification of interbank loans and interest rates from interbank payments: a reliability assessment
The authors investigate the reliability of the “Furfine filter” often used to identify interbank loans and interest rates from interbank payments settled at central banks.
Risk Live: utility settlement coin project backed by group of banks moving “incredibly fast”
Proposed traffic light system sifts through transaction data for signs of trouble
What kind of payments settle in a real time gross settlement system? The case of Norges Bank’s settlement system (NBO)
A good understanding of the kinds of payments that settle in a central bank real time gross settlement (RTGS) system is useful for both overseers and operators, but no study exists that attempts to systematically categorize all payments settling in an…
Research lays out three ways forward for cross-border payments
FMIC 2 special issue introduction: a policy view on developments in the field of financial market infrastructures
This introductory article positions these papers and speeches within the context of the wider conference proceedings of the Financial Market Infrastructure Conference II: New Thinking in a New Era, including insights from the panel sessions and…
Overhaul will leverage conventional technology rather than blockchain solution that underpins new CLSNet service
Firms say DLT can sit with current market practice, but instantaneous settlement 'not desirable'
Central bank plans “comprehensive rebuild” of payments platform
JSCC and KRX also said to be working on cross-currency swap clearing offerings
Industry turns to utility as CLS emerging markets push stalls
Major systems failures likely to continue
Weaknesses highlighted after payment system failure
A number of countries are introducing faster settlement of retail payments due to increasing consumer demand.