by Jyotsna Bucktowar | Apr 5, 2024
The Authorities have identified areas for future co-operation and co-ordination, including revisions to the MoU regarding proposed stablecoin regulation, embedding the reforms from the Financial Services and Markets Act 2023 (FSMA 2023), as well as further enhancing...
by Jyotsna Bucktowar | Apr 3, 2024
This initiative run by the regulators is intended to help facilitate the adoption of innovative technology in digital assets in the UK. The consultation is relevant to firms intending to apply to enter the DSS and be approved as a sandbox entrant, as well as firms...
by Jyotsna Bucktowar | Dec 25, 2023
CBEST tests the cyber resilience of firms and financial market infrastructures (FMIs) through live testing that mimics the actions of cyber attackers. The report highlights the importance of building strong cyber hygiene and the need for firms to simulate a range of...
by Jyotsna Bucktowar | Oct 26, 2023
The document emphasises a balanced approach, aiming to encourage innovation in AI and ML while maintaining robust regulatory measures. It also highlights the need for responsible implementation to ensure stability, security, and ethical considerations in the financial...
by Jyotsna Bucktowar | Feb 23, 2023
The digital pound would be a new form of digital money issued by the Bank, for use by households and businesses for their everyday payments needs. The consultation paper notes that the digital pound is likely to be needed in the future, but does not yet make a...
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