New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.
The collaboration with HKMA and Bank of Israel demonstrated that retail CBDC can support access, cyber security and competition, while retaining cash features.
In the countdown to the TNFD framework launch, the region’s financial sector is still a long way from including nature risk in business decisions, says Wolfram Hedrich.
HKMA chief Eddie Yue was appointed Chair of the meeting of Governors of major emerging market economies for three years.
The revised G20/OECD Principles of Corporate Governance were also endorsed at the G20 Leaders Summit in India at the weekend.
The deposit token would represent a digital claim against a commercial bank deposit, and could be used for instant payments and settlements across the financial system.
The BCBS will prioritise work to strengthen supervisory effectiveness and analyse whether specific Basel III features performed as intended.
The new communication platform was developed to enhance cross-border regulatory cooperation between countries participating in the “Belt and Road” initiative.
The Techsprint is developed by CBUAE, alongside the COP28 Presidency, the Emirates Institute of Finance and the BIS.
The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.
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