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International Settlement

International Settlement

The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

Videos by International Settlement

Digital currencies and the soul of money

What holds the monetary system together at its core? In a speech at @goetheuni, Agustín Carstens takes inspiration from Germany’s literary giant Goethe to reflect on the soul of money in the digital era. https://www.bis.org/speeches/sp220118.htm.

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Project Jura – Cross-border settlement using wholesale CBDC

Jura explores the direct transfer of euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are settled safely and efficiently using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms. https://www.bis.org/about/bisih/topics/cbdc/jura.htm

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Project Jura – Cross-border settlement using wholesale CBDC – short version

Jura explores the direct transfer of euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are settled safely and efficiently using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms. The experiment is conducted in a near-real setting, using real-value transactions and complying with current regulatory requirements. https://www.bis.org/publ/othp44.htm

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Project Dunbar: International settlements using multi-CBDCs

Project Dunbar brings together the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank with the BIS Innovation Hub to test the use of central bank digital currencies (CBDCs) for international settlements. Learn about the expected benefits of multi-CBDCs and how it could make cross-border payments cheaper, faster, and safer. See how we faced and solved critical challenges in designing a multi-CBDC shared settlement platform.

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Launch of the Climate Training Alliance portal

The BIS, the International Association of Insurance Supervisors, the Network for Greening the Financial System and the Sustainable Insurance Forum are proud to launch the Climate Training Alliance portal. This portal enhances access to training resources for central banks and supervisors responding to climate risk.

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Project Ellipse

Project Ellipse is a proof of concept (POC) launched by the Bank for International Settlements Innovation Hub to explore how supervision could become insights-based and data-driven using an integrated regulatory data and analytics platform. https://www.bis.org/about/bisih/topics/suptech_regtech/ellipse.htm

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