Page 63 - 期貨和衍生品行業(yè)監管動(dòng)態(tài)（2024年4月）
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期貨和衍生品行業(yè)監管動(dòng)態(tài)
The DSS represents a major step in exploring innovation in digital assets in the
UK and could lead to faster and cheaper ways for these securities to trade, settle, and
be utilised among financial market participants. The adoption of new technology in
this area, if done safely, could lead to a technological transformation that will promote
greater efficiency as well as greater resilience in the financial system in the long run.
Alongside the work that the Bank is doing to explore and develop innovation in
wholesale payments, including as part of enhancing the Real-Time Gross Settlement
(RTGS) services, the DSS places the UK in a strong position to create an end-to-end
digital wholesale infrastructure that embraces new technology.
The DSS will last five years and may lead to a new permanent regulatory regime
for securities settlement under which firms could operate in future. The Government
has the tools to put in place permanent changes reasonably quickly. In order to protect
financial stability, activity in the DSS over this period will be subject to limits.
The consultation invites views from interested participants on how the DSS will
operate in practice, in order to maximise the potential benefits from the technology
while protecting financial stability and market integrity.
Sasha Mills, Executive Director for Financial Market Infrastructure at the
Bank said:
“The Digital Securities Sandbox is an important tool for regulators to learn how
we need to react to benefit safely from developments in technology and changes to
vital financial market processes such as securities settlement. This consultation is an
innovative approach for regulators and an exciting milestone in supporting innovation
in the financial industry. We welcome views from potential participants and look
forward to working with the FCA, government and industry over the lifespan of the
DSS.”
Sheldon Mills, Executive Director, Consumers and Competition at the FCA
said:
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