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Cecilia Skingsley - 1 Elizabeth Frantz - 1 Skingsley - 1 Marc Jones - 1 Matthew Lewis - 1
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Search resuls for: "Cecilia Skingsley"


4 mentions found


☆ IMF, World Bank and BIS in first 'tokenisation' collaboration
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +2 min
Cecilia Skingsley attends a session on central bank digital currencies at the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 14, 2022. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - Three of the world's cornerstone institutions - the International Monetary Fund, the World Bank and the Bank for International Settlements - are to work together for the first time to "tokenise" some of the financial instruments that underpin their global work, a BIS official said on Tuesday. The trio will also work with Switzerland's central bank which has been pioneering tokenisation, the process of turning conventional assets into uniquely coded "tokens" that can be used in faster new systems. Their collaboration will initially focus on simple but still paper-based processes such as when richer countries donate into some of the World Bank's funds to support poorer parts of the world. She also touched on the new breed of central bank digital currencies (CBDCs), repeating calls for some global rules and technology standards so they can work across the world and with existing payment systems.
Persons: Cecilia Skingsley, Elizabeth Frantz, Skingsley, Marc Jones, Matthew Lewis Organizations: International Monetary Fund, World Bank, REUTERS, Bank for International, BIS, Atlantic Council, Thomson Locations: Washington , U.S, Washington, London
☆ BIS' Skingsley: Central banks best placed to provide trust in payment systems
  + stars: | 2023-02-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBIS' Skingsley: Central banks best placed to provide trust in payment systemsCecilia Skingsley, head of the BIS Innovation Hub, speaks to CNBC's Julianna Tatelbaum.
☆ New look CBDCs and cryptomarket to emerge from turmoil, top BIS official says
  + stars: | 2023-02-06 | by ( Marc Jones | ) www.reuters.com   time to read: +4 min
LONDON, Feb 6 (Reuters) - Cryptomarkets have not been killed off by last year's turmoil, while the new wave of central bank digital currencies will face geopolitical limits, the Bank for International Settlements' new innovation head has predicted. Dubbed the central bank to the world's central bank, the BIS has long been critical of cryptocurrencies, likening bitcoin to both a ponzi scheme and market bubble in the past. Since the start of 2023, however, there has been something of a rebound, including a 40% recovery in bitcoin's price. The European Central Bank should get the go-ahead for full-scale tests. "We will never have full interconnectedness," Skingsley said, adding though that the BIS' work aimed to make CBDCs as versatile as possible.
☆ France, Singapore, Switzerland jointly test central bank digital currencies
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Nov 2 (Reuters) - France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) in the first cross-regional trial of its kind. AMM protocols are designed to combine pooled liquidity with algorithms to determine the prices between two or more digitally tokenised assets such as currencies. They are seen as having the potential to be the backbone of the financial market infrastructure needed for digital currencies to be traded between countries. Cecilia Skingsley, at the Bank for International Settlements central bank umbrella group overseeing the project, which aims to deliver proof of concept by the middle of next year, said it marked the first collaboration across regions and that she expected more to follow. Around 90% of the world’s central banks are either using, trialling or looking into CBDCs.
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