Today the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) outlined its strategic priorities for its 2024/25 work program. Digital innovations in payment, clearing and settlement is one of the three focus areas.
The CPMI is exploring tokenization, particularly in the context of money and payments and will release a G20 report in conjunction with the BIS. Secondly it is analysing not just the technology and policy choices for cross border CBDC, but also the ideal timing. In conjunction with IOSCO it will expand its stablecoin analysis to include multi-currency and asset-linked stablecoins.
Apart from innovations the other two focus areas in the work program are risks to financial market infrastructures (FMIs) and cross border payments.
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