BIS Monthly Update - The Future of Payments

Below I have pasted in the monthly update from the Bank for International Settlements. It includes an article on the future of payments that may be of some interest.

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March 2020

Shaping the future of payments Introducing a special payments edition of the BIS Quarterly Review, Agustín Carstens explains why payment systems top policymakers’ agendas.

Central Banks and Supervisors Network for Greening the Financial System The BIS was proud to host the steering committee of the Central Banks and Supervisors Network for Greening the Financial System in Basel, building on recent work on climate change from the Financial Stability Institute. Property price dynamics: domestic and international drivers There is no global real estate market despite higher price synchronisation and international investors playing a growing role.

Central banks and fintech data Two in three central banks say the increased use of technology in finance creates data gaps.

On the global retreat of correspondent banks Tara Rice and Goetz von Peter explain the drivers and implications of the global retreat of correspondent banks.

More BIS publications  Podcast: Big data and central banks Bruno Tissot discusses the challenges and opportunities of “big data” for central banks and policy. Working Paper: The economic forces driving fintech adoption across countries This paper looks at how agents in different economies around the world are adopting financial technology ("fintech"). Working Paper: Operational and cyber risks in the financial sector This paper uses a unique cross-country data set to analyse operational risks that are related to potential losses from inadequate or failed internal processes, improper business practices, systems failures or external events. Announcement: BIS appoints Innovation Hub heads in Singapore and Switzerland Two key appointments to the BIS Innovation Hub: Andrew McCormack and Morten Bech.