The Financial institution for Worldwide Settlements (BIS) has chosen Tommaso Mancini‑Griffoli from the Worldwide Financial Fund to take over as head of its Innovation Hub starting March 1, 2026.
Mancini‑Griffoli, who’s at the moment serving as Assistant Director within the IMF’s funds, currencies, and infrastructure division, will be a part of the BIS for a 5‑12 months interval.
Launched in 2019, the BIS Innovation Hub runs initiatives out of hubs in Paris, Hong Kong SAR, London, Singapore, Stockholm, Switzerland, and Toronto. There may be additionally a partnership with the US Federal Reserve that helps the Hub’s work.
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The Innovation Hub leads worldwide improvement efforts in areas corresponding to central financial institution digital currencies (CBDCs), cross-border funds, tokenized cash, and real-time settlement techniques.
Its ongoing initiatives, corresponding to mBridge, Nexus, and Agora, assist central banks discover applied sciences that might enhance international fee networks and infrastructure.
Whereas on the IMF, Mancini‑Griffoli has typically emphasised the function of central banks and regulation in digital property and cautioned about potential dangers related to non-public stablecoins.
He’s a proponent of “artificial CBDCs”, a mannequin the place the non-public sector points the digital cash whereas central banks provide the backing in reserves.
By bringing in Mancini‑Griffoli, the BIS goals to additional collaborate with international central banks as they discover trendy applied sciences and digital options inside a safe and coordinated atmosphere.
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