BIS: CBDC Could Improve Cross-Border Payments
A new BIS survey finds that more than 25 percent of central banks are considering whether to allow CBDC use by non-residents, while nearly 20 percent say that they may do so.

FSOC Slow-Walks MMF Reform, Urges Faster LIBOR Transition
In part because MMF reform is intricately interconnected with ongoing FSOC and Fed work on broader short-term market vulnerabilities, the Council’s meeting today made clear only that the SEC will take the lead on MMF reform and do so in a deliberative way.

Daily061121.pdf