New initiatives also focus on regulatory and supervisory technology and cyber security; First projects to be launched in the new London and Stockholm centres; Several projects will support broader Group of 20 (G20) efforts to improve cross-border payments.
In 2022, the Bank for International Settlements (BIS) Innovation Hub
will launch new projects into central bank digital currencies (CBDCs),
next generation payments systems and Decentralised Finance (DeFi),
expanding its portfolio of explorations seeking to develop new
technological public goods for central banks. The Innovation Hub's work programme will also see new projects in green finance, regulatory and supervisory technology and cyber security.
This year marks a new phase in the Innovation Hub's expansion, with
the first projects in the London and Nordic Hub Centres; the expected
opening of the Eurosystem and Toronto centres; and the advancement of
the strategic partnership with the Federal Reserve System.
With an expanded network of Hub Centres and exciting new
projects, the BIS Innovation Hub is now in a stronger position to
innovate in a sound, sustainable way, harnessing the benefits of digital
technology, serving the public interest, and working cooperatively with
the central bank community, academia and the private sector.
Agustín Carstens,
BIS General Manager
CBDCs and improvements in payments systems continue to be an area of
exploratory focus, accounting for 13 out of 17 projects that were active
in 2021 or will be launched in 2022. This reflects the interests and
priorities of BIS member central banks.
One of the highlights of the 2022 agenda is the second BIS Innovation
Summit, "Money, Technology, and Innovation" to be held on March 22-23,
bringing together senior leaders from the public and private sector and
academia. Projects across the centres will include:...
more at BIS
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