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Effective URL: https://www.thebanker.com/Bank-of-England-and-FCA-issue-draft-guidance-on-Digital-Securities-Sandbox-1712150817
Submission: On April 25 via api from US — Scanned from DE
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SubscribeSign in Home Video Podcast Events * Subscribe * Sign in Close Close * Home * Analysis & opinion Analysis & opinion Home * Bracken * Comment * Editor’s blog * Interviews * Shaping tomorrow * Special reports * Viewpoint * Banking strategies Banking strategies Home * Agenda * Investment banking * Issuer * Retail banking * Team of the month * Transaction banking * Digital journeys Digital journeys Home * Emerging technologies * Fintech * Tech vision * Transformation strategies * Global economies Global economies Home * Central banks * Country finance * Country reports * Policy * Regulations Regulations Home * Crypto assets * Digital & data * Fraud * Reg rage * Risk management * ESG & sustainability ESG & sustainability Home * Better banking * Climate risk * Governance * Regulations & standards * World World Home * Africa * Americas * Asia-Pacific * Central & eastern Europe * Middle East * Western Europe * Awards Awards Home * Bank of the Year Awards * Central Banker of the Year * Finance Minister of the Year * Global Private Banking Awards * Innovation in Digital Banking * Investment Banking Awards * Islamic Banking Awards * Transaction Banking Awards * Rankings & data Rankings & data Home * Best-performing banks * Databank * Top 1000 * Video * Podcast * Events * Analysis & opinion ANALYSIS & OPINION HOME * Bracken * Comment * Editor’s blog * Interviews * Shaping tomorrow * Special reports * Viewpoint Latest from section:Scaling up central banks’ foreign reserve investment in sustainable developmentADB president: Asia needs to foster resilience to external shocksEmbedded finance and regulations – a right to replyThe world must adapt to a new generation of GCC sovereign-owned investors * Banking strategies BANKING STRATEGIES HOME * Agenda * Investment banking * Issuer * Retail banking * Team of the month * Transaction banking Latest from section:Embedded finance and regulations – a right to replyPioneering hybrid capital securitiesCanada announces date for real-time payments system launch Asset recovery positions Alpha Bank Greece for growth * Digital journeys DIGITAL JOURNEYS HOME * Emerging technologies * Fintech * Tech vision * Transformation strategies Latest from section:Banks embrace open source for code, contribution and communityFCA launches review into Big Tech dataUniCredit’s call to action on gender parityCanada announces date for real-time payments system launch * Global economies GLOBAL ECONOMIES HOME * Central banks * Country finance * Country reports * Policy Latest from section:Banks’ role in securing minerals for a low-carbon futureArmenian banks on an upward trajectorySaudi Arabia’s non-oil economy shrugs off regional tensionsWorld Bank boosts lending capacity by $11bn with new financing tools * Regulations REGULATIONS HOME * Crypto assets * Digital & data * Fraud * Reg rage * Risk management Latest from section:FCA launches review into Big Tech dataUK regulator urges banks to stress test their private equity exposureBanking groups call for caution as EU advances on common deposit insurance schemeBankers square up to regulators on merger reform * ESG & sustainability ESG & SUSTAINABILITY HOME * Better banking * Climate risk * Governance * Regulations & standards Latest from section:Banks’ role in securing minerals for a low-carbon futureWorld Bank boosts lending capacity by $11bn with new financing toolsUN launches new centre to help banks tackle nature-related financial risksFinancial industry calls for international treaty to end plastic pollution * World WORLD HOME * Africa * Americas * Asia-Pacific * Central & eastern Europe * Middle East * Western Europe Latest from section:Armenia’s future increasingly influenced by immigrationReforms need political vision to contrast geopolitical risksTroubled NYCB secures $1bn rescue; Nationwide proposes to acquire Virgin Money for £2.9bnTrump closes in on Republican nomination; Hunt to unveil £10bn personal tax cut in UK budget * Awards AWARDS HOME * Bank of the Year Awards * Central Banker of the Year * Finance Minister of the Year * Global Private Banking Awards * Innovation in Digital Banking * Investment Banking Awards * Islamic Banking Awards * Transaction Banking Awards Latest from section:Finance Minister of the Year 2024Central Banker of the Year 2024Bank of the Year Awards 2023 celebration highlightsBank of the Year 2023 Bahrain winner – Bank ABC * Rankings & data RANKINGS & DATA HOME * Best-performing banks * Databank * Top 1000 Latest from section:The Banker’s Top 30 Nordic Banks 2024Sharing IT providers has emerged as a risk for banks, says IMFLivestock financing contributes outsized emissions for biggest US banksEuropean AT1 issuance still recovering, says report Search Close Share the article Crypto assetsApril 3 BANK OF ENGLAND AND FCA ISSUE DRAFT GUIDANCE ON DIGITAL SECURITIES SANDBOX The two regulators will invite views from interested parties by Liz Lumley Share the article Image: Andy Rain/EPA-EFE/Shutterstock UK regulators at the Bank of England and the Financial Conduct Authority are consulting on their proposed approach to operating the Digital Securities Sandbox. The DSS is an initiative run by the regulators that will enable the adoption of digital assets in the UK. Announced last year, the legislative framework for the UK’s DSS took effect this January. TO CONTINUE READING, JOIN OUR COMMUNITY AND BENEFIT FROM * In-depth coverage across key markets * Comments from financial leaders and policymakers worldwide * Regional/country bank rankings and awards Activate your free trial Have an account? Sign in Liz Lumley Liz Lumley is deputy editor at The Banker. She is a global specialist commentator on global financial technology or “fintech”. She has spent 30 years working in the financial technology space, most recently as director at VC Innovations and architect of the Fintech Talents Festival, managing director at Startupbootcamp FinTech London and an editor at financial services and technology newswire, Finextra. She was named Journalist of the Year for Technology and Digital Finance at State Street’s UK Press Awards for 2022. Read more articles from this author READ NEXT Regulations APRIL 11 US REGULATOR SAYS IT IS READY TO WIND DOWN BIG BANKS WITHOUT PUBLIC MONEY Crypto assets SEPTEMBER 30 2022 JOSÉ MANUEL CAMPA: CRYPTO-ASSET REGULATION – MANAGING THE TRANSITION FROM PAPER TO PRACTICE Central banks OCTOBER 31 2022 BANK OF ENGLAND GIVEN DIRE WARNING ON CLIMATE RISK Digital journeys DECEMBER 18 2023 2024 TO BE A BIG YEAR FOR REPO MARKET WITH WAVE OF MODERNISATION LATEST FROM WESTERN EUROPE Regulations APRIL 24 FCA LAUNCHES REVIEW INTO BIG TECH DATA UK regulator might ‘incentivise’ data sharing between Big Tech and financial services firms Best-performing banks APRIL 24 THE BANKER’S TOP 30 NORDIC BANKS 2024 The region’s banks seem likely to continue to weather economic storms Regulations APRIL 23 UK REGULATOR URGES BANKS TO STRESS TEST THEIR PRIVATE EQUITY EXPOSURE The Prudential Regulation Authority has presented the results of a review on banks' exposure to private equity Risk management APRIL 19 BANKING GROUPS CALL FOR CAUTION AS EU ADVANCES ON COMMON DEPOSIT INSURANCE SCHEME The scheme, first proposed in 2015, has long been stalled because of concerns from some states about sharing risk IMF/World Bank spring meetings APRIL 17 UK IS DISINFLATING WITH FULL EMPLOYMENT, SAYS BANK OF ENGLAND GOVERNOR Andrew Bailey gave a speech on the sidelines of the IMF and World Bank’s spring meetings TRENDING IN THE BANKER 1. FINTECH DOESN’T DESERVE TRITE, TECH-BRO SPEAK Editor’s blog APRIL 17 2. ‘THE MOST BRITISH OF FOREIGN BANKS’ Agenda APRIL 15 3. CANADA ANNOUNCES DATE FOR REAL-TIME PAYMENTS SYSTEM LAUNCH Digital journeys APRIL 18 4. RIPPLE TO LAUNCH USD-PEGGED STABLECOIN ON XRP LEDGER AND ETHEREUM Crypto assets APRIL 5 5. THE BANKER’S TOP 100 US BANKS 2024 Best-performing banks APRIL 3 * About Us * Contact Us * Cookie Policy * Manage Cookies * Privacy Policy * Modern Slavery Statement * Terms & Conditions The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice: www.ft.com/editorialcode © The Financial Times Limited 2024. All rights reserved. A service from the Financial Times