Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



26.09.2016 09:45

Jordan: Financial market infrastructures: Walking the line between stability and innovation

"Financial market infrastructures are vital for various Swiss National Bank (SNB) activities, including the implementation of monetary policy. This part of the financial sector also stands to be affected by the rapid changes currently taking place in financial technology. Technological innovations are thus highly relevant for the SNB. The SNB's task is to strike the right balance between maintaining stable conditions and promoting useful innovation.

Although the financial industry's core functions - funding new investments, offering investment and asset protection strategies, and executing payments - will remain largely unchanged, the technologies and channels by which it delivers these services are changing. The challenge for regulators and central banks is to make sure they fully understand the effects - and side-effects - of these new mechanisms at an early stage. Central banks and regulators have a duty to protect the safety of financial market infrastructures, but they also have a duty to ensure that they operate efficiently.

Until recently, financial market infrastructures had been moving towards centralisation. However, technological progress could reverse this trend, making decentralisation the new paradigm. The keywords here are 'distributed ledger' and 'blockchain'. There will nevertheless continue to be a role for centralised infrastructures, which already operate at low cost and meet high safety standards. It is, however, possible that we will see conventional and new technologies co-existing or even blending in the future. Such new technology is particularly relevant for central banks in the context of the ongoing debate about central bank money potentially being issued via a distributed ledger. This issue raises a host of central bank-specific questions that will need to be examined in more detail. The SNB is following and analysing developments in this arena closely and is actively involved in discussions with market participants, regulators and other central banks.

Certain other developments are already having a tangible effect on financial market infrastructures - for instance on cashless payment systems - and, this, in turn, has ramifications for the SNB. According to its mandate, the SNB is obliged to facilitate and secure the operation of such systems. In April of this year, the latest generation of the Swiss Interbank Clearing (SIC) system, which operates under the strategic guidance of the SNB, was launched. Support for emerging messaging standards and plans to extend SIC's operating hours next year will set the stage for cashless payment innovations which will ultimately benefit companies as well as private customers.

For financial market infrastructure innovations to be successful, market participants, regulators and central banks must all be convinced they are both safe and efficient. It is therefore essential that these parties maintain an active dialogue".

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
December 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2016 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page