Featured Product

    BoE and HMT Announce Members of CBDC Engagement and Technology Forums

    September 29, 2021

    The Bank of England (BoE) and Her Majesty's Treasury (HMT) announced membership of the central bank digital currency (CBDC) Engagement and Technology forums. The Technology Forum met for the first time in late September, while the Engagement Forum will have its inaugural meeting later in the year. The creation of these groups was announced in April 2021, along with the CBDC Taskforce which coordinates the exploration of a potential UK CBDC.

    The Engagement Forum consists of senior stakeholders from industry, civil society, and academia to gather strategic input on policy considerations and functional requirements pertaining to CBDC. The Forum will have an important role in helping BoE and HM Treasury understand the practical challenges of designing, implementing, and operating a CBDC. Members of the CBDC Engagement Forum encompass leading banks, payment institutions, industry associations and consortia, and the big tech firm Google.

    The Technology Forum engages stakeholders and gathers input on all technology aspects of CBDC from a diverse cross-section of expertise and perspectives. The Forum will help BoE to understand the technological challenges of designing, implementing, and operating a CBDC. Members of the CBDC Technology Forum include Barclays, certain entities in the payments, a World Economic Forum representative, and technology firms such as Amazon Web Services, Google, IBM, and Oracle.


    Related Link: Notification


    Keywords: Europe, UK, Banking, CBDC, Fintech, CBDC Technology Forum, CBDC Engagement Forum, Digital Currency, Regtech, HM Treasury

    Related Articles

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582