Day: 17 July 2018

FSB: Cryptoassets Not a Risk to Financial Stability

In a new report to the G20, the Financial Stability Board (FSB) has concluded that “cryptoassets do not pose a material risk to global financial stability at this time”.

While this is a welcome boost for the crypto industry, the FSB does make clear that these assets should be vigilantly monitored by authorities going forward.

As such, the FSB has requested that the Standing Committee on Assessment of Vulnerabilities (SCAV) and the Committee on Payments and Market Infrastructures (CPMI) work jointly to develop a framework for monitoring the financial stability risks related to cryptoassets with a focus on identifying potential metrics that can be used to measure these risks.

NEX, JBond, Launch Repo Index

NEX Data, which delivers independent market intelligence and price information for OTC Data, and JBond, the electronic platform for trading in Japanese repurchase agreements, have announced the launch of the JBond Nex Repo Index to measure the effective cost of funding for Japanese government bonds.
The firms say it is the first Japanese repo index and they have launched it in response to “considerable interest” from financial community. The Japanese yen repo market has been very active of late with the average month-end outstanding for 2017 reaching 160 trillion yen.