Bank for International Settlements (BIS)

The project seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally.

The other central banks are the Reserve Bank of Australia, Bank of Korea and Bank Negara Malaysia.

The plan follows a successful linkage of the Eurosystem with Malaysia and Singapore via a prototype of Project Nexus.

Fed chair Jerome Powell did not rule out a US recession from the frontloading of Fed hikes to restore price stability.

"You are more likely to be on the soft landing side if you tighten in a timely and decisive fashion."

(Dec 2): The Bank for International Settlements (BIS), the central bankers’ club in Basel, Switzerland, recently conducted an in-depth evaluation of the unconventional monetary policies that have become the norm in many countries since the 2008 financia

SINGAPORE (July 1): The Bank for International Settlements (BIS), the Basel, Switzerland-based institution, which watches over global financial stability, has selected Singapore as one of the locations for an innovation hub centre, alongside Basel and Hon

SINGAPORE (Mar 12): Asia’s big developers are “more vulnerable” to shocks after their profitability waned from the boom years at the start of the decade, the Bank for International Settlements warned.

SINGAPORE (Sept 1): The Monetary Authority of Singapore (MAS) on Thursday says Singapore is still the largest foreign exchange (FX) centre in the Asia-Pacific region, and third largest globally after London and New York.