07.01.2020

BIS Innovation Hub Expands

07.01.2020
BIS Innovation Hub Expands
  • BIS Innovation Hub to extend global reach with four new centres over next two years in collaboration with central banks.
  • New locations in Toronto, London, Frankfurt & Paris and Stockholm; strategic partnership in New York.
  • Expansion will allow Innovation Hub to spur central bank work across multiple fintech pillars.

The Board of the Bank for International Settlements (BIS) today announced the expansion of the BIS Innovation Hub with the establishment of new Hub centres across Europe and in North America in cooperation with member central banks.

In the next two years, the BIS will open centres in collaboration with the Bank of Canada (Toronto), the Bank of England (London), the European Central Bank/Eurosystem (Frankfurt and Paris) and four Nordic central banks (Danmarks Nationalbank, the Central Bank of Iceland, the Central Bank of Norway and Sveriges Riksbank) in Stockholm. The BIS will also form a strategic partnership with the Federal Reserve System (New York).

The expansion will build on the foundation already put in place by the first three Hub Centres – in Hong Kong SAR with the Hong Kong Monetary Authority, Singapore with the Monetary Authority of Singapore, and Switzerland with the Swiss National Bank.

Source: BIS

Related articles

  1. Warsaw Stock Exchange Aims to Continue IPOs

    This will bolster KKR’s capacity to serve as a full-service underwriter for IPOs.

  2. Jamie Dimon said Latino-led businesses are critical to the U.S. economy but lack access to capital.

  3. WEX Options Algo Built for Market Complexity

    Due diligence process has not kept pace with the proliferation of algorithmic trading.

  4. From The Markets

    TD Acquires Cowen

    Jeffrey Solomon, chair & CEO of Cowen will lead TD Cowen, a division of TD Securities.

  5. Turnover rose across all instruments except for currency swaps.