IWIRC Indonesia的动态

The Central Bank of Nigeria (CBN), on Tuesday, issued comprehensive guidelines for the operations of the interbank foreign exchange (FX) trading system via the Electronic Foreign Exchange Matching System (EFEMS)...https://wp.me/p6TSXP-1Y86

Monetary Authority of Macao and Central Bank of Timor-Leste Renew Agreement to Strengthen Bilateral Ties and Cooperation The Monetary Authority of Macao (AMCM) and the Central Bank of Timor-Leste (BCTL) signed a renewed Cooperation Agreement at the 6th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries in Macao to deepen and strengthen collaboration in various areas. Meanwhile, a bilateral meeting was held for sharing experience and information on financial supervision, financial-market development and reserve management. Renewed Agreement to Deepen Cooperation The renewed Agreement has set out the general framework for cooperation between the AMCM and the BCTL, covering different aspects of functions pertaining to financial regulators. It has also deepened the cooperation between the two central-banking institutions in various areas, with particular emphasis on financial supervision and technical assistance on central-banking operations. The updated Cooperation Agreement replaces the one signed in 2019. #Macao #AMCM #BCTL

Professionals and academia working on AI regulation issues in financial sector are encouraged to submit your findings to this conference. This year back in May 2024, I had the opportunity to present development of fintech regulation in academic works. This could be the most relevant platform for your works, and the team are very profesional. Bank Indonesia Journals

The Central Bank of Nigeria’s (CBN) introduction of an electronic foreign exchange (forex) matching system aims to streamline the forex market and curb speculation. This system connects buyers and sellers directly, promoting transparency and reducing volatility caused by speculative activities. Advantages: 1. Enhanced Transparency: By matching buyers and sellers in real-time, it reduces the possibility of manipulation and price distortions, leading to a more accurate reflection of forex demand and supply. 2. Curbing Speculation: The system discourages speculative trading that artificially inflates or deflates the value of the naira, helping to stabilize the currency. 3. Efficient Forex Allocation: It allows for more efficient allocation of foreign exchange by enabling faster and more predictable transactions, which benefits businesses reliant on imports. Disadvantages: 1. Market Access Limitations: Smaller forex traders or businesses unfamiliar with the electronic system may face barriers in navigating the platform, potentially limiting their market participation. 2. Short-Term Market Adjustments: In the immediate term, traders and businesses accustomed to the old system may experience disruptions as they adapt to the new technology. 3. Dependence on Technological Infrastructure: The success of the system relies heavily on robust technological infrastructure, and any technical glitches or downtime could negatively impact forex transactions. Overall, the move aligns with efforts to stabilize the forex market but could face challenges in its early stages as market participants adjust. CBN introduces electronic foreign exchange matching system to curb speculation https://lnkd.in/dNCtjEgC

Beginning this month, the Central Bank of Nigeria has announced that it will adopt Bloomberg’s BMatch solution for interbank trading in the local foreign exchange markets. Bloomberg’s Foreign Exchange Electronic Trading Platform (FXGO) BMatch solution will offer spot matching functionality to the local interbank community for US Dollar against the Nigerian Naira . We are honored and deeply grateful for the trust placed in us by the Central Bank of Nigeria. This fuels our commitment to continuing to deliver excellence and innovation within the Nigerian Financial Markets. #Bloomberg #Bmatch #BloombergNigeria #CentralBankofNigeria #InterbankFX #SpotFX #FxMarkets #BloombergTerminal #BloombergTrading #Nigeria

China's first real-trade service of a multi-central bank digital currency (m-CBDC) was launched in South China's Guangdong Province on Monday, an important breakthrough in the application of digital currencies in cross-border payments. Experts noted that compared with traditional cross-border payments, which rely on the agent model of commercial banks with time-consuming processes, m-CBDC service supports real-time trading, significantly improving efficiency and reducing costs while enhancing the transparency of cross-border transactions. According to the Shanghai Securities News, the Guangdong Branch of the Industrial and Commercial Bank of China (ICBC) said on Monday that it launched the first m-CBDC business in China at the pre-minimum viable product stage under the guidance of the Guangdong branch of the People's Bank of China (PBOC), the central bank, bringing new possibilities for international trade settlements. The first enterprise to try the program was a trading enterprise in Foshan city in the province, which needed to remit money for trade in goods to a client in Hong Kong. The successful completion of digital yuan cross-boundary remittance clearing through the m-CBDC verified the feasibility and effectiveness of the service. The m-CBDC project is the result of extensive collaboration starting in 2021 between the Innovation Hub of the Bank for International Settlements – BIS, the Bank of Thailand, the Central Bank of the United Arab Emirates (CBUAE), the Digital Currency Institute of the PBOC and the Hong Kong Monetary Authority (HKMA). Source: Global Times

The Central Bank of Nigeria (CBN) has launched the Nigeria Foreign Exchange (FX) Code, aimed at fostering transparency, ethical practices, and efficiency in the nation’s foreign exchange market.CBN launches Fx code, to settle backlogs soon- Cardoso

The Central Bank of Nigeria (CBN) has announced fresh guidelines for interbank foreign exchange (FX) trading via its Electronic Foreign Exchange Matching System (EFEMS), effective from November 25, 2024. The new directive, signed by Dr. Omolara Duke, Director of the Financial Markets Department, mandates a minimum trade value of $100,000 for all interbank FX transactions. This move is aimed at enhancing market transparency, ensuring efficient trading, and strengthening compliance within Nigeria’s FX market. Read More ???? https://lnkd.in/e5kUsSHM

The foreign exchange market is subject to significant credit and settlement risks. While there are risk mitigation mechanisms, about one third of foreign exchange settlements are estimated to take place without?them. Ousmène Jacques Mandeng?writes that?the adoption of central bank and other digital currencies can give rise to an entirely new settlement approach, collapsing the foreign exchange life cycle and freeing transactions from credit and settlement risks.

???? ????Starting this month, the Central Bank of Nigeria has announced it will adopt Bloomberg’s BMatch solution for interbank trading in the local foreign exchange markets. Bloomberg’s Foreign Exchange Electronic Trading Platform (FXGO) BMatch solution will offer spot matching functionality to the local interbank community for US Dollar against the Nigerian Naira. We are honored and deeply grateful for the trust placed in us by the Central Bank of Nigeria. This fuels our commitment to continuing to deliver excellence and innovation within the Nigerian Financial Markets. #Bloomberg #Bmatch #BloombergNigeria #CentralBankofNigeria #InterbankFX #SpotFX #FxMarkets #BloombergTerminal #BloombergTrading #Nigeria