The Business Times

BIS

Banking & Finance

BIS to leave China-backed central bank digital currency project

Using tokenization, which involves recording assets on a blockchain, has the advantage of combining messaging and settlement aspects of a payment in one transaction, Bank for International Settlements (BIS) says.
Banking & Finance

BIS and seven central banks to test tokenisation of cross-border payments

There was cause for “cautious optimism”, according to the latest quarterly report from the BIS.
International

Central banks on brink of victory in inflation fight, says BIS

Global economic data has begun to show a clear trend that multi-decade highs in inflation – caused by the rebound from the Covid-19 pandemic and spike in energy prices – are in the rear-view mirror.
Banking & Finance

Central banks ‘not out of the woods’ in inflation battle: BIS

The BIS’ ‘innovation hub’ prototype produces “dashboards” that show information such as how many bitcoin are being converted into US dollars at certain times in certain parts of the world.
Banking & Finance

Central bank test lab develops global bitcoin mapping system

FILE PHOTO: A woman counts Japanese 10,000 yen notes in Tokyo, in this February 28, 2013 picture illustration. REUTERS/Shohei Miyano/Illustration/File Photo/File Photo
International

Yen’s real effective exchange rate falls to record low

Despite the relentless rise in rates over the last 18 months, inflation in many top economies remains stubbornly high,
International

BIS warns world economy at critical juncture in inflation fight

“Most central banks lack tools to systemically monitor stablecoins and avoid asset-liability mismatches,” the BIS said.
Companies & Markets

Central bank test lab to trial ‘stablecoin’ monitoring system

The Bank for International Settlements is concerned with the FX swap debt being a “blind spot” that risked leaving policymakers in a “fog”.
Companies & Markets

FX swap debt an US$80t 'blind spot', BIS says

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