BIS latest update (December 2021): CBDCs, bottlenecks and green finance Donnerstag, 02. Dezember 2021 - 10:40

December 2021

Multi-CBDC arrangements: transforming words into worksJointly operated payment systems involving multiple central bank digital currencies (multi-CBDCs) are a way to improve cross-border payments and settlements.

Bottlenecks: causes and macroeconomic implicationsWhy delays in the supply of commodities, goods and shipping are happening and what they mean for inflation.

Project Genesis: Green bond tokenisationThe project, presented at COP26, developed prototype digital platforms to make green bond issuance more transparent and improve access for retail investors.

Beyond green swans: the BIS's work on climateCorrinne Ho offers a bird's eye view on all of the BIS's workstreams relating to climate change and green finance. From banking services to economic research and statistics, from innovation to regulation and capacity building, these activities all share the overarching principle of fostering international cooperation for the public good.

Over-the-counter derivatives at end-June 2021While the notional value increased mainly due to seasonal factors, the gross market value of over-the-counter derivatives fell to near pre-Covid levels in the first half of 2021.

More BIS publications

Working Paper: Does gender diversity in the workplace mitigate climate change?
Women in managerial positions appear better suited than male managers to reducing firm CO2 emissions.

Committee publication: New developments in central bank statistics around the world
Recent initiatives by Irving Fisher Committee member central banks show how alternative data sets can usefully complement official statistics.

BCBS Publication: Principles for the effective management and supervision of climate-related financial risks
The Basel Committee invites comments on a consultative report into the effective management and supervision of climate-related financial risks.

Upcoming

6 December: BIS Quarterly Review, December 2021 is published.
8 December: Update on the BIS Innovation Hub's Project Jura.
9 December: Fernando Restoy speaks at the Reuters Future of Money Virtual Conference.
17 December: Irving Fisher Committee report on sustainable finance data for central banks.