/wholesale banking

News and resources on transaction banking, corporate banking and supply chain finance.

Discussion
CBDCs could be 'holy grail' of cross-border payments - ECB
A Finextra Member

A Finextra member

  International institutions first complicate cross-border payments and correspondent settlements with strict AML  and other requirements, then look for solutions. Everyday, it becomes more diffucult to open direct correspondent accounts in any EU or US bank for the bank from developing and undeveloped countries. Usage of nested accounts and different banks to make cross border transfer add costs and reduce efficiency. 
CBDCs could be 'holy grail' of cross-border payments - ECB
A Finextra Member

A Finextra member

  Hawala and the Knights Templar have or had solutions running for a few years that ticked all these boxes too
CBDCs could be 'holy grail' of cross-border payments - ECB
Eli Talmor

Eli Talmor

  The paper says: "The holy grail of cross-border payments is a solution allowing cross-border payments to be immediate, cheap, universal, and settled in a secure settlement medium." It looks like TRIO payment system answers all 4 requirements NOW. No need to wait for 10 years...
Insider trading case revives tussle between SEC and Coinbase over securities
Ketharaman Swaminathan

Ketharaman Swaminathan

  Grewal v. Grewal. Not since Kramer versus Kramer have I come across the plaintiff and defendant with the same name. Since the movie about divorce case, same surname was a given. Given the identical last names, Finextra might want to use full names while attributing quotes to the two Grewals. The last one, attributed to Grewel (sic), will particularly benefit from the full name.