Resources
FNA Broadcasts
Browse the full archive of FNA’s Broadcast series
#26: Myths in Post-Trade Wholesale FX
Dirk Bullmann and Keith Bear dismantle the myths of "instant" FX settlement, explaining why liquidity efficiency and robust governance remain the true anchors of post-trade resilience.
#22: Project Meridian FX: Synchronising the Future of Wholesale Payments
Bank of England’s John Jackson and BIS’s Stephanie Haffner reveal how Project Meridian FX uses a Synchronization Operator to achieve seamless, low-risk PvP settlement across RTGS and DLT systems.
#21: Rethinking FX Settlement Cycles
CLS’s Emanuel Vila and FNA’s Carlos León reveal the empirical trade-offs between increased settlement frequency and the loss of multilateral netting efficiency in the FX market.
#19: Modernizing Payments Settlement Engines
BIS’s Baltazar Rodríguez and Currency Network’s Animesh Ghosh showcase Project FuSSE, a modular, 10,000 TPS settlement engine designed for quantum-age scalability.
#18: The Future of Money and Payments: Balancing Innovation, Regulation, and Resilience
Deloitte’s experts explore the 2025-2026 strategic roadmap for payments, balancing the push for real-time innovation with the necessity of "programmable" regulation and cyber resilience.
#17: Anomaly Detection in Payment Systems: Findings and Implications
BIS’s Anneke Kosse and Bank of Canada’s Ajit Desai present a cutting-edge ML framework that achieves a 93% success rate in detecting anomalies within high-value payment systems.
#14: The Consequences of Atomic Settlement
CLS’s Dirk Bullmann explains the critical trade-offs of atomic settlement and how the "Molecular" model can balance real-time speed with global liquidity efficiency.
#13: Green Finance Innovation
Bénédicte Nolens and Rosie Hampson reveal how Project Genesis 2.0 utilizes DLT and real-time data to revolutionize the transparency and efficiency of Digital Green Bonds.
#12: The Application of Digital Twins within Payment Systems
Payments Canada’s Martin Kyle and FNA’s Kimmo Soramäki demonstrate how Digital Twins enable central banks to safely design, stress-test, and deploy the next generation of payment infrastructure.
#11: CBDCs – the Potential to Transform Liquidity Management?
Richard Dzina and Stephen Wojciechowicz explore how the programmability and real-time nature of CBDCs will fundamentally redefine global liquidity management and treasury operations.
#10: The Future of Money: Public Perspectives
Digital money experts David Birch and John Kiff explore the public’s "Trust Gap" and the design choices necessary to make CBDCs and stablecoins a functional reality.
#9: Where is Digital Money Heading in 2023
JP Morgan’s Philip Enness and Keith Bear explain how tokenized deposits are bridging the gap between traditional bank regulation and the high-speed efficiency of blockchain-native money.
#8: New Regulations for the Operational Resilience of FMIs
ECB’s Patrick Papsdorf and Banque de France’s Claudine Hurman explore how "Augmented Oversight" and tech-neutral regulations are securing the future of decentralized wholesale payments.
#7: A Global Standard for Payment Messaging- Everything You Need to Know About ISO 20022
SWIFT’s Saskia Devolder and the Bank of England’s John Jackson explain how ISO 20022 is revolutionizing global payments through structured data, enhanced transparency, and API interoperability.
#6: The Relevance of Liquidity Savings in a Real-Time World
TCH’s Richard Dzina and BNY Mellon’s Stephen Wojciechowicz explore how Liquidity Saving Mechanisms enable the high-speed efficiency of real-time payments without draining global bank capital.
#5: Challenging Liquidity Management in Wholesale Cross-border Payments
Jan Schoombee (Fnality) discusses the transition to peer-to-peer wholesale payments, revealing how DLT-based settlement can reduce bank liquidity requirements by up to 70%.
#4: How Challenger FMIs are Revolutionising Cross-border Payments
Phil Mochan (Nomos) and Claudio Ceresani (DGT Solutions) discuss how "Challenger FMIs" are leveraging cloud computing and DLT to fix the broken correspondent banking model for low-value cross-border payments.
#3: How Challenger FMIs are Revolutionizing Cross-border Payments
Kazım Rıfat Özyılmaz (Arf) and Dave Sissens (RTGS.global) explore the "Challenger FMI" revolution, detailing how stablecoins and atomic settlement are eliminating the need for traditional fund transfers and pre-funding in cross-border payments.
#2: The Bank of England’s RTGS CHAPS Renewal Program
John Jackson and James Southgate (Bank of England) unveil the blueprint for the UK’s renewed RTGS system, detailing the transition to ISO 20022 and a future roadmap centered on atomic settlement and 24/7 availability.
#1: The FMI Ecosystem: Recent Developments and the Road Ahead
Prof. Dr. Ron Berndsen and Dr. Kimmo Soramäki use the "Warehouse Metaphor" to deconstruct the evolving FMI landscape, exploring how network analytics and simulation are modernizing the "plumbing" of global finance.