Central banks around the world are now looking into central bank digital currency (CBDC) due in part to the digitalization of payments, with some pilot testing their own version of the currency.
With Bloomberg's repo platform in place, repo counterparties now have a standardized calculation and communication platform with complete transparency of collateral details.
Cash machines remain antiquated and prone to fraud because the Bangko Sentral ng Pilipinas (BSP) is taking time to allow banks to raise fees for upgrades.
