New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
January 20, 2023The updated Financial Crime Principles for Correspondent Banking includes guidance on what respondent banks may face when seeking a correspondent banking relationship.
November 1, 2022The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.
October 27, 2022Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.
September 14, 2022High-level harmonisation requirements for cross-border payments will take effect in 2025, and be adopted by all existing usage guidelines.
September 12, 2022When used to its "fullest potential", the RFI process can provide insights into how respondents’ AML/KYC programmes work in practice.
August 25, 2022Bitcoin and stablecoins are "unlikely" to be the "holy grail" of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.
August 5, 2022The growing use of APIs and the adoption of ISO 20022 have opened up new possibilities for facilitating payment system interlinking, CPMI says.
July 12, 2022The FATF also commends the UK for progress made to expand its FIU's ability to conduct operational analysis.
June 15, 2022Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
May 28, 2022