Update from earlier this week.
link
Supporting action from the Bank of England and PRA
The Bank of England has published a consultation on extending RTGS and CHAPS settlement hours, setting out next steps towards near 24/7 settlement. The staged approach includes weekend and extended daily operating hours, subject to consultation and industry readiness. This will support cross-border payments, and new payment and settlement models as tokenisation develops.
The Prudential Regulation Authority (PRA) has published Dear CEO letters setting out updated guidance on the prudential treatment of tokenised asset exposures and on innovations in deposits, e-money and stablecoins. These reflect recent market developments and reaffirm expectations on risk management and compliance.
#Tokenisation #innovationcommunity
- Todor
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Todor Kostov
Director
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