Opportunities and Risks from New Technology

Global investment banks are embracing opportunities to enhance the current operating environment, enabling firms to build out systems to meet global regulatory requirements, evolving client expectations and serving clients in jurisdictions they want to do business.

In order to take advantage of the opportunities in this developing environment, banks are prioritizing investment in technology and innovation. We look forward to working with policymakers and regulators, who have a key role to play here by promoting innovation and supporting the adoption of new technologies, whilst ensuring that future regulatory frameworks maintain a level playing field and promote integrity of capital markets and financial stability.

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Correspondence

Joint Trades Submit Letter to BCBS Calling for Recalibration of Cryptoasset Prudential Standards

August 2025  |  Correspondence  |  Regulatory Correspondence

GFMA, in partnership with a coalition of leading global financial trade associations (“Joint Trades”), and with Boston Consulting Group (BCG), Ashurst, and Sullivan & Cromwell as technical advisors, submitted a letter to the Basel Committee on Banking Supervision (BCBS) urging a pause and recalibration of the Cryptoasset Exposures Standard (SCO60).

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Resources

Joint Trades Publish Report on the Impact of DLT in Capital Markets

August 2025  |  Policy Resource  |  Financial Stability Implications of Fintech

A coalition of leading global financial trade associations ("The Associations"), with Boston Consulting Group (BCG), Ashurst, and Sullivan & Cromwell as technical advisors, have published a report titled "The Impact of DLT in Capital Markets: Ready for Adoption, Time to Act". The report illustrates how tokenization and DLT are reshaping securities issuance, collateral management, and fund operations, with deep dive analysis of live use cases demonstrating significant efficiency gains, enhanced transparency, and improved risk management.

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News

GFMA and GDF Publish Smart Contract Primer

1 October 2024   |   News  |  Capital Markets Innovation

The Global Financial Markets Association ("GFMA") and Global Digital Finance ("GDF") have published “The Smart Contract Primer: An Initial Overview of Smart Contract Implementation within Financial Services & Regulatory Solutions for Risk Management”.

GFMA and PwC Identify Global Technology and Innovation Trends and Challenges for Investment Banks

20 March 2019   |   News  |  Capital Markets Innovation

Washington, D.C., 20 March 2019 -  The Global Financial Markets Association (GFMA) and PwC have today published a new report on current trends in technology and innovation and their impact on the investment bank of the future. The report, entitled ‘Technology and Innovation in Global Capital Markets,’ examines the key trends which are expected to impact the industry over the next five years, providing a vision for the future and identifying the implications for the industry and for future policy making.

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