Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.
The IMF's executive board reaffirmed its "full confidence" in Georgieva after it could not "conclusively demonstrate" that she played an improper role at the World Bank.
SWIFT Go is an instant cross-border payments service for SMEs and retail customers that was launched at seven banks in July.
Adoption of reporting framework bolstered by regulation and national commitments to mitigating climate risk, says status report.
The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.
The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.
A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.
A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.
Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.
The new rates will assist the non-linear market in its transition to SOFR, IBA said. Currently they are being published solely for information and illustration purposes.
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