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John Williams - 1 Carlo Allegri - 1 ” Williams - 1 “ - 1 Williams - 1 Michelle Neal - 1 Neal - 1 ” Neal - 1
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Federal Reserve Bank of New York New York U.S
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Federal Reserve Bank of New - 1 REUTERS - 1 Federal Reserve Bank of New York - 1 Treasury - 1 bank’s Markets - 1 Thomson - 1

Search resuls for: "Michelle Neal"


3 mentions found


☆ Fed's Williams touts need for more market data transparency
  + stars: | 2023-11-16 | by ( Michael S. Derby | ) www.reuters.com   time to read: +2 min
“Having access to an abundance of data is a wonderful problem to have,” Williams said. “It’s important that we continue to prioritize transparency and clarity in data, especially financial market data. In separate comments for the conference, Michelle Neal, who leads the bank’s Markets Group, also touted the need for more transparency in the bond market. “I am looking forward to the increased transparency in on-the-run transaction data” industry participants are working toward, Neal said. “Looking further ahead, we should consider whether to take additional steps toward increased transaction transparency across the Treasury universe, especially for the less liquid segments of the Treasury market, such as the off-the-run market, where transparency is currently limited.”Neal noted that the off-the-run section of the Treasury market was where market issues were concentrated in March 2020, as the coronavirus pandemic sent investors thundering toward cash, upending market functioning.
Persons: John Williams, Carlo Allegri, ” Williams, “, Williams, Michelle Neal, Neal, ” Neal, Michael S, Chizu Organizations: Federal Reserve Bank of New, REUTERS, Federal Reserve Bank of New York, Treasury, bank’s Markets, Thomson Locations: Federal Reserve Bank of New York, New York, U.S
☆ Banking giants and New York Fed start 12-week digital dollar pilot
  + stars: | 2022-11-15 | by ( Lananh Nguyen | ) www.reuters.com   time to read: +1 min
NEW YORK, Nov 15 (Reuters) - Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. Citigroup Inc , HSBC Holdings Plc (HSBA.L), Mastercard Inc (MA.N) and Wells Fargo & Co (WFC.N) are among the financial companies participating in the experiment alongside the New York Fed's innovation center, they said in a statement. The project, which is called the regulated liability network, will be conducted in a test environment and use simulated data, the New York Fed said. The pilot will test how banks using digital dollar tokens in a common database can help speed up payments. Earlier this month, Michelle Neal, head of the New York Fed's market's group, said it sees promise in using a central bank digital dollar to speed up settlement time in currency markets.
☆ NY Fed official: Digital dollar could speed foreign exchange settlement
  + stars: | 2022-11-04 | by ( Michael S. Derby | ) www.reuters.com   time to read: +1 min
Nov 4 (Reuters) - A top Federal Reserve Bank of New York official said on Friday that the bank sees promise in using a central bank digital dollar to speed up settlement time in foreign exchange markets. Michelle Neal, who is head of the bank's Markets Group, did not say anything involving a central bank digital currency, or CBDC, was imminent. Foreign exchange spot transactions "are critical in the context of cross-border payments, and serve as a building block for longer, more complex transactions," Neal said in the text of remarks to be given before a conference in Singapore. According to the research effort, a Fed digital dollar, used in a wholesale capacity, and the technology to record transactions "results in instant and atomic settlement." The Fed has been exploring for some time how it can launch a fully digital dollar that some have referred to as Fedcoin.
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