Payments
Project Jura executes ‘real-life’ cross-border CBDC settlement
“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré
RBA says DLT network is viable option for wholesale CBDC
Project Atom proved wholesale CBDC issued over DLT network reduced risk and improved efficiency of loan payments
Pandemic spurred use of alternative data
Advanced and emerging market economies prioritise different applications
Currency Benchmarks 2021 report – executive summary
Perspectives on staffing, circulation, forecasting, note security and composition, outsourcing and more
Brazil’s largest state considers suspending Pix payments
São Paulo legislature examining payments system shutdown as an anti-crime measure
RBNZ begins wide-ranging review of cash
New Zealand’s central bank warns of potential harm caused by “retreat from cash”
People: Chilean Senate confirms board member
Plus senior appointments in New Zealand, Sri Lanka, Bangladesh and more
BIS and Fed launch New York ‘innovation centre’
Fed has mandate to “understand and, in some cases, manage” technological change, says Jerome Powell
Eurosystem approves new payments oversight framework
‘Pisa’ principles will cover stablecoins, e-wallets and other payments arrangements, ECB says
BoE’s new RTGS system to be open 24/7 ‘if required’
Should industry require it, the upgraded system will be operational continuously
CPMI proposes ‘global settlement window’
BIS committee says window could work as focal point for aligning payment systems worldwide
Brazil’s Pix system used by 62% of population – central bank
Real-time retail payments platform was most-used means of payments in October – BCB
RBA stepping up CBDC research despite scepticism over use
Australian central bank is concerned private sector firms could dominate payments sector
People: RBNZ chief economist to leave after 25 years
ECB appoints lead for digital euro project and new director for banknote department
A future-proof RTGS blueprint
Operating hours, access and data standards should all be considered by central banks contemplating an RTGS overhaul
Australia’s central bank to review banknote distribution model
Decline in transactional cash usage has led to excess capacity
BIS paper flags ‘notable gaps’ in CBDC research
Policy work on cross-border CBDCs is “marching beyond the research frontier”, say economists
CBDC issuance should not be rushed, say central bank experts
Officials at Singapore Fintech Festival warn central banks must be alert to risks of CBDCs
MAS and BSP to pursue retail payment linkage
Central banks of Singapore and the Philippines promise to advance co-operation on fintech
No UK central bank digital currency before 2025, BoE says
A 2022 consultation will determine if CBDC should enter “development” phase
MAS embarks on retail CBDC study
But Singapore sees no pressing need for retail central bank digital currency, MAS says
Eurozone’s faster payments system to link with Singapore and Malaysia
Proof of concept is the next step of the BIS’s Project Nexus
People: ECB appoints new head of macro-pru
BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more