CPMI, IMF says multilateral platforms might improve cross border payments, including CBDC - Baton Systems
BIS Committee on Payments and Market Infrastructures (CPMI) Report
The BIS Committee on Payments and Market Infrastructures (CPMI) published a report on how multilateral platforms could address cross-border payment frictions. Jerome Kemp, President of Baton Systems, stated, "The report highlights the many challenges facing cross-border payments today, of which FX settlement risk is a primary concern".