XP 49 Financial Industry Consultants

13th January 2022 – Swiss National Bank – Wholesale CBDC – Project Helvetia Phase II

2022-01-17T17:55:04+00:00

Phase II of Project Helvetia was focused on the settlement of tokenised assets in a Wholesale CBDC (wCBDC). Project Helvetia is a collaboration between the SNB, BIS Innovation Hub, SIX (the Swiss Exchange) and 5 large commercial banks. SIX already offers trading and settlement of "tokenised assets", but using privately issued forms of digital currencies [...]

13th January 2022 – Swiss National Bank – Wholesale CBDC – Project Helvetia Phase II2022-01-17T17:55:04+00:00

31st December 2021 – Reserve Bank of Australia – Wholesale CBDC (Project ATOM)

2022-01-17T17:25:43+00:00

We attach the links a CBDC initiative in Australia: Project ATOM - Wholesale CBDC for Syndicated Lending   Please see the link to Project ATOM conclusions here: https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/pdf/project-atom-report_2021-12.pdf  

31st December 2021 – Reserve Bank of Australia – Wholesale CBDC (Project ATOM)2022-01-17T17:25:43+00:00

21st December 2021 – ECB Low Carbon Transition & Credit Risk

2021-12-30T12:01:48+00:00

The ECB produces a Working Paper on the topic of the Low carbon Transition, Climate Commitments and the impacts on Credit Risk. This is a rather technical essay, focusing on the following topic: "whether and how two key measures of firm-level credit risk – credit ratings issued by rating agencies and the market-implied distance-to-default – [...]

21st December 2021 – ECB Low Carbon Transition & Credit Risk2021-12-30T12:01:48+00:00

13th December 2021 – Bank of England Solvency Stress Test 2021 Results

2021-12-29T16:31:21+00:00

The Bank of England’s 2021 ‘solvency stress test’ (SST) shows the major UK banks are resilient to a severe path for the economy in 2021–25 on top of the economic shock associated with the Covid-19 (Covid) pandemic that occurred in 2020. These results support the Financial Policy Committee's (FPC) judgement that the system is resilient [...]

13th December 2021 – Bank of England Solvency Stress Test 2021 Results2021-12-29T16:31:21+00:00

8th December 2021 – Project JURA Cross-Border Settlement using Wholesale CBDC

2021-12-29T16:17:57+00:00

Project Jura explores the direct transfer of Euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are settled safely and efficiently using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms. [...]

8th December 2021 – Project JURA Cross-Border Settlement using Wholesale CBDC2021-12-29T16:17:57+00:00

24th November 2021 – CBDC Central Bank Digital Currency – CEPR eBook

2021-12-29T15:05:11+00:00

The Centre for Economic Policy Research (CEPR) publishes a compendium of articles on the CBDC topic, delving into the key considerations for the creation of CBDC and their operation. The authors are academics and experts from monetary authorities and international organisations. The eBook attempts to serve as a guide for policymakers and market participants in [...]

24th November 2021 – CBDC Central Bank Digital Currency – CEPR eBook2021-12-29T15:05:11+00:00

23rd November 2021 – ECB State of Climate & Environmental Risks Management in the Banking Sector

2021-12-05T17:18:52+00:00

The ECB report provides observations following its Supervisory Review of the self-assessments and implementation plans for management and disclosure of the Climate and Environmental risks of banks under its supervision. The report provides a picture of the current state and direction of travel of C&E risk management in the banking sector, in the light of [...]

23rd November 2021 – ECB State of Climate & Environmental Risks Management in the Banking Sector2021-12-05T17:18:52+00:00

19th November 2021 – CBDC Central Bank Digital Currency – WEF Governance Consortium Report

2021-12-29T15:13:08+00:00

The World Economic Forum - Digital Currency Governance Consortium (WEF - DCGC) publishes a compendium report on CBDC and Stablecoins. The report comprises eight distinct white papers, grouped into three themes: 1. Regulatory Choices 2. Value Proposition for the Under-served 3. Technology Choices The report can be accessed and downloaded from: https://www.weforum.org/reports/digital-currency-governance-consortium-white-paper-series

19th November 2021 – CBDC Central Bank Digital Currency – WEF Governance Consortium Report2021-12-29T15:13:08+00:00

12th November 2021 – Liquidity Management in Multi-Currency Corridor Network

2021-12-05T16:25:36+00:00

Banque de France (BdF), MAS and JP Morgan ONYX worked together on the design of multi-currency corridors using CBDCs, DLT and Smart Contracts technology. They propose an architecture to facilitate PvP ("payment versus payment") for FX transactions, in an inter-operable clouds infrastructure (public + private) working as a network. The solution design offers a common [...]

12th November 2021 – Liquidity Management in Multi-Currency Corridor Network2021-12-05T16:25:36+00:00

8th November 2021 – Bank of England Approach to Tiering Incoming CCPs

2021-11-25T18:34:32+00:00

The Bank of England (BoE) has today published a Consultation Paper and draft Statement of Policy on the Bank’s approach to ‘tiering’ non-UK central counterparties (CCPs) based on the level of systemic risk they could pose to UK financial stability. Currently non-UK CCPs can provide services in the UK under a temporary recognition regime. In [...]

8th November 2021 – Bank of England Approach to Tiering Incoming CCPs2021-11-25T18:34:32+00:00
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