The Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand: Project Meridian FX APAC

What happened: The Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand published findings from Project Meridian FX APAC, a joint trial of synchronised foreign exchange settlement across their test environments. Key numbers: The Bank of England plans to launch a live synchronisation Why it matters: The trial showed synchronisation could support interoperability across settlement systems built on different technologies, and multilateral net FX settlement could help banks use liquidity more efficiently. The findings inform the Bank of England's planned live service.

The Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand published findings from Project Meridian FX APAC, a joint trial of synchronised foreign exchange settlement across their test environments.

The trial showed synchronisation could support interoperability across settlement systems built on different technologies, and multilateral net FX settlement could help banks use liquidity more efficiently. The findings inform the Bank of England's planned live service.