Singapore will block certain Russian banks and financial transactions connected to Russia. Major Singapore banks are already restricting trade financing for Russian commodities.
March 1, 2022In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.
January 14, 2022Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.
December 9, 2021The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.
October 1, 2021The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.
July 11, 2021Project Jura will investigate the potential benefits and challenges of wCBDC in settling cross-border payments.
June 11, 2021CBDC research provides an "essential opportunity" to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
October 28, 2020Many banks have adopted a “wait and see” approach to the LIBOR phase-out, waiting to forward-looking term rates based on RFR derivatives to become available.
October 12, 2020Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling 'digital runs'.
October 11, 2020Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.
April 1, 2020