Bank for International Settlements sets up innovation hub centre in Singapore

Bank for International Settlements sets up innovation hub centre in Singapore
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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 Hong Kong.

In collaboration with other central banks, the Singapore Hub Centre aims to develop the technology architecture for an efficient and secure digital global financial system and facilitate experiments in the application of technology to enhance financial regulation.

In an announcement on Sunday (June 30), BIS says operations in the Singapore Hub Centre will start as soon as institutional arrangements for the establishment...(click on link for full story on theedgesingapore.com)