13 May 2024
Introduction The BIS recently published a working paper entitled “Finternet: the financial system for the future”. This Finterent – or financial internet – is an intriguing vision of a modern financial system based on shared, interoperable, and unified ledgers, upon which the world’s assets and value would be stored and transferred. This represent...
10 Oct 2022
In my last article I talked about how Retail CBDCs are gaining momentum globally and how they’re expected to work, with commercial banks as important participants. But offering CBDC services even with capped wallets may result in an outflow of deposits and a reduced balance sheet, obviously not good news. So why would banks want to do this? What'...
03 Oct 2022
Central Bank Digital Currencies (CBDCs) - a digital form of central bank money - are firmly on the radar of Central Banks globally. According to the Atlantic Council over 100 countries are actively exploring a CBDC. Many are further along on their journey with some already launched. But why do we need them? And what role will commercial banks play?...