A new paper, commissioned by the Global Financial Markets Association (GFMA), identifies the GFMA’s critical considerations for the success of potential CBDCs in wholesale markets (wCBDCs). Entitled Central Bank Digital Currencies: A Global Capital Markets Perspective, the paper is based on research, as well as extensive interviews conducted with contributing member firms and market participants with particular expertise relevant to CBDCs, during the fourth quarter of 2021. The authors’ recommendations […]