The global implementation of the ISO 20022 standard beginning in March 2023 marks the start of an exciting new era for cross-border payments, says Kevin Wong.
February 22, 2023Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.
February 22, 2023The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.
February 20, 2023The US's cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar's dominance and have implications for sanctions evasion.
January 30, 2023GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.
December 1, 2022GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.
November 16, 2022The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
November 15, 2022"Project Cedar Phase II x Ubin+" will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.
November 11, 2022In the test environment, wholesale CBDC transactions on a blockchain-enabled distributed ledger system settled in under 15 seconds on average.
November 5, 2022Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
November 4, 2022