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CarolaWestermeier

@C__West

Research on financial technologies and the politics of (data) infrastuctures
| @c-westermeier.bsky.social
Darmstadt, Germany carola-westermeier.com Joined April 2011
1.1K Following 1.1K Followers 2.8K Posts

Latest posts 5

CarolaWestermeier @C__West
I shared a few thoughts on the new leadership at the Bank for International Settlements (BIS) and how it will have to navigate the fact that central banks are increasingly becoming geoeconomic actors in this article by @TheBanker
The Banker Verified account @TheBanker Nov 12, 2024
Pablo Hernández de Cos, former Bank of Spain governor, will lead the BIS from July 2025. As former BCBS chair, his role will be key amid shifting US banking regulations and EU calls for flexibility.

on.ft.com/3AELWYg
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CarolaWestermeier @C__West
This is quite remarkable.

The BIS leaves the most advanced cross-border CBDC project. mBridge replaces correspondent banks and SWIFT with a corridor network (mBridge) for cross-border payments, establishing direct payment relations between China, UAE, Hong Kong, and Thailand.
Josh Lipsky Verified account @joshualipsky Oct 31, 2024
mBridge - the most advanced wholesale CBDC project in the world- is being halted possibly over sanctions evasion concerns. But note that the BIS leaving the project doesn’t mean China can’t continue it in a new arrangement. The tech is built.
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