1 / 3 Relevant items tagged with #BIS

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41 firms join BIS Project Agora to advance unified ledger applications

[Sep 16 8:41 PM] The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.

More than 40 Firms Join Central Bank Group to Explore Tokenization for Cross-Border Payments

[Sep 16 4:00 PM] More than 40 financial firms will join central bank group the Bank for International Settlements to explore how tokenization can enhance wholesale cross-border payments in Project Agorá, the BIS said on Monday.

Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS

[Aug 29 11:03 AM] Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said.

BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring

[Jul 31 9:19 PM] The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.

Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims

[Jul 31 3:25 PM] Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said.

Basel Committee finalizes crypto exposure rules for banks

[Jul 3 3:40 PM] The committee is unveiling the standards later in July, culminating a yearslong process.

BIS Report Warns of Rising Public Debt Risks to Global Economies

[Jul 1 11:34 PM] The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without…

Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations

[Jul 1 5:53 AM] BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.

BIS Survey: 94% of Central Banks Exploring Digital Currency

[Jun 14 9:35 PM] The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies…

More Central Banks Are Exploring a CBDC, BIS Survey Finds

[Jun 14 5:08 AM] There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.

BIS inaugurates Toronto Innovation Centre with Bank of Canada

[Jun 14 2:30 AM] Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements.

Cross Border CBDC Project Mbridge Enters MVP Stage

[Jun 6 9:31 PM] Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks…

Saudi Arabia Joins BIS’ CBDC Project mBridge as a Full Participant

[Jun 6 3:59 PM]

Private firms to join global central bank CBDC project

[Jun 5 6:05 AM] As Project mBridge enters its MVP phase, the BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform’s potential.

Israel to Start Digital Shekel Challenge to Develop Payment Use Cases

[May 29 6:26 AM] Israel's central bank is launching a challenge on the use of a central bank digital currency in payments as part of an "action plan for a possible issuance of the digital shekel."

Central banks turn to generative AI for enhanced cybersecurity: BIS

[May 28 2:34 AM] Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow.

Public blockchain ledgers ‘not fit for purpose,’ says JPMorgan exec

[May 8 8:40 AM] Despite the criticism, TradFi institutions still prefer using public blockchains for real-world asset tokenization.

BIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System Shortcomings

[Apr 16 9:28 PM] BIS Head Agustin Carstens and Infosys co-founder Nandan Nilekani have proposed the idea of the “Finternet,” an interconnected financial system led by tokenized assets that would help to overcome today’s shortcomings in transacting…

Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins

[Apr 9 6:00 AM] Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.

BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border Settlements

[Apr 7 7:31 PM] The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá…

Central Bank Group Starts Tokenization Project to Enhance Monetary System

[Apr 3 8:00 AM] The project will investigate the integration of tokenized commercial bank deposits with central bank money using smart contracts and programmability, the Bank for International Settlements said.

DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study

[Mar 14 4:44 AM] The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said.

Kazakhstan central bank reviews digital tenge pilot successes, next steps

[Dec 15, 2023 3:35 PM] The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.

Basel Committee suggests introducing maturity limits for stablecoin reserve assets

[Dec 14, 2023 5:52 AM] Should longer-term assets be allowed as reserve assets, the committee thinks these must overcollateralize the claims of stablecoin holders.

Central Banks Aren't Sufficiently Ready for CBDC Risks: BIS Report

[Nov 30, 2023 6:21 AM] The introduction of central bank digital currencies could have major implications on the stability, the report said.

BIS advises central banks to plan in advance for CBDC security

[Nov 29, 2023 12:30 PM] From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.

BIS Innovation Hub presents its ‘private CBDC’ project

[Nov 29, 2023 5:59 AM] The Bank for International Settlement’s Project Tourbillon features two eCash prototypes, the first providing “unconditional payer anonymity” and the second being “more resilient” in security terms.

Central Bank Project Shows CBDC Payments Can Be Private

[Nov 29, 2023 3:29 AM] The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.

BIS General Manager Agustin Carstens Touts Tokenization as Part of the Future Financial System

[Nov 25, 2023 7:30 AM] Agustin Carstens, general manager of the Bank for International Settlements (BIS), has discussed tokenization’s significance in modernizing the current siloed financial system. Carstens stated that only through tokenization can the world move…

South Korea to invite 100K citizens to test CBDC in 2024

[Nov 23, 2023 3:06 AM] Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users.