June 2022 Digital Finance Monthly Update
June 2022 | Correspondence | Policy Resource
Digital Finance Monthly Update for June 2022.
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.
Correspondence
GFMA and Joint Trade Association Response to the BCBS Consultative Document on the Prudential Treatment of Cryptoasset Exposures
September 2021 | Correspondence | Regulatory Correspondence
GFMA joined a joint trade association response to the BCBS consultative document on the "Prudential Treatment of Cryptoasset Exposures."
GFMA Response to the FSB Consultation on Outsourcing and Third-Party Relationships
January 2021 | Correspondence | Comment Letters
GFMA submitted comments on the FSB's consultation on Outsourcing and Third-Party Relationships.
GFMA Response to IOSCO Consultation on the Use of Artificial Intelligence and Machine Learning by Market Intermediaries and Asset Managers
October 2020 | Correspondence | Comment Letters
GFMA submits response to the IOSCO Consultation Report on the Use of Artificial Intelligence and Machine Learning by Market Intermediaries and Asset Managers.
GFMA response to IOSCO Consultation on Principles on Outsourcing
September 2020 | Correspondence | Comment Letters
GFMA submits response to IOSCO's Consultation on Principles on Outsourcing
GFMA Response to FSB Consultation Paper on Global Stablecoins
July 2020 | Correspondence | Comment Letters
GFMA submitted a response to the FSB consultation paper on “Addressing the regulatory, supervisory and oversight challenges raised by 'global stablecoin' arrangements.”
GFMA Response to BCBS Discussion Paper on the Prudential Treatment for Crypto-Assets
April 2020 | Correspondence | Comment Letters
GFMA submitted a response to the BCBS discussion paper on “Designing a Prudential Treatment for Crypto-Assets.”
GFMA and IIF Discussion Draft Principles Supporting the Strengthening of Operational Resilience Maturity in Financial Services
October 2019 | Correspondence | White Papers and Reports
The Global Financial Markets Association (GFMA) and the Institute of International Finance (IIF) have released together “Discussion Draft Principles Supporting the Strengthening of Operational Resilience Maturity in Financial Services.” These principles support the financial industry’s efforts to continuously improve and strengthen the level of operational resilience for the firms, the customers, markets, the sector, and the broader economies they support nationally and across the globe.
GFMA and PwC Report on Technology and Innovation in Global Capital Markets
March 2019 | Correspondence | White Papers and Reports
The Global Financial Markets Association (GFMA) and PwC have published a 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 policymaking.
GFMA Financial Data Handling Principles for Banks and Non-Banks
February 2019 | Correspondence | White Papers and Reports
GFMA has released its Financial Data Handling Principles for Banks and Non-Banks as a voluntary set of principles drawn from international best practices. The principles are based on both the U.S. NIST Cybersecurity Framework and the European Union’s General Data Protection Regulation (GDPR).
Resources
Proposed GFMA Principles Regarding Critical Third Parties
June 2022 | Policy Resource | Cloud
GFMA developed a set of proposed principles regarding critical third parties.
GFMA, BCG, and Clifford Chance Publish Paper Outlining Benefits and Challenges of Wholesale Central Bank Digital Currencies
February 2022 | Policy Resource | Financial Stability Implications of Fintech
New GFMA Paper by BCG and Clifford Chance Outlines Benefits and Challenges of Wholesale Central Bank Digital Currencies
GFMA Publishes Considerations for Developing Central Bank Digital Currencies (CBDCs)
August 2021 | Policy Resource | Financial Stability Implications of Fintech
GFMA has published 'Considerations for Developing Central Bank Digital Currencies (CBDCs).'
News
GFMA Urges Modifications to Proposed Prudential Treatment of Cryptoassets to Realize the Benefits of Distributed Ledger Technology Across the Real Economy
21 September 2021 | News | Capital Markets Innovation
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.
EBF, GFMA and ISDA Agree Common Principles to Promote Effective Global Policy on Cybersecurity, Data and Technology
9 May 2016 | News | Financial Data
EBF, GFMA and ISDA Agree Common Principles to Promote Effective Global Policy on Cybersecurity, Data and Technology
