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The European Central Bank (ECB) is also exploring the possibility of introducing a digital euro, with Europes CBDC expected to launch from 2028. Chinas digital yuan is the most advanced CBDC project, with more than 260 million digital wallets having been opened as of 2023.
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Accenture forecasts that by 2028 the banking industry will witness a 30% increase in employee productivity. Moreover, they are looking to use large language models to parse regulations in the countries they operate in to ensure they are compliant in each jurisdiction.
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That involved $5 million of bonds due in 2028, according to MMD. In secondary market trading on Wednesday, the spread for some of the authority's bonds over Municipal Market Data's benchmark triple-A yield scale jumped to 136 basis points from 88 basis points on July 28. The hot summer continues and both sides seem unwilling to bend.
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