Longer trading hours will help meet the rising global demand for yuan transactions, narrow the onshore-offshore spread, and help Chinese investors hedge currency risk.
June 30, 2022The BIS warns that the dangers of stagflation "loom large" due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.
June 29, 2022Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.
June 28, 2022Japan's METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.
June 27, 2022BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.
June 22, 2022A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.
June 14, 2022A new report says central banks are increasingly looking to align their operations with sustainability objectives within the constraints of their mandates.
May 31, 2022SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.
May 26, 2022Two new reports shed light on the extent to which climate risks are taken into account by FIs and affect credit ratings.
May 24, 2022The CMIM is being enhanced to allow ASEAN+3 members to use their own and each other's local currencies for CMIM liquidity support.
May 20, 2022