CBDC for international settlements
Wider use of CBDCs for cross-border settlements dents banks’ fee income
Wider use of CBDCs for cross-border settlements dents banks’ fee income
Lenders will have to reduce cross-border fees once CBDCs become more mainstream.
Singapore joins multi-central-bank project to test CBDC use for international settlements
The BIS Innovation Hub’s Singapore centre will lead the project.
Thought Leadership Centre
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1. Hong Kong, China launch Payment Connect for faster cross-border payments 2. Japan’s SMBC invests in biotechnology fund 3. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 4. Metrobank names Renato De Borja, Jr. as head of financial & control sector 5. PBCOM appoints new treasury trading team headResource Center
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He emphasised that balancing innovation with sustainability is now key to fintech’s growth trajectory.
