Bank of England, MAS, and Bank of Thailand Conclude Synchronised FX Settlement Trial

The Bank of England, the Monetary Authority of Singapore (MAS), and the Bank of Thailand (BOT) jointly published findings on November 13, 2026, from their collaboration on synchronised cross-border foreign exchange (FX) settlement under Project Meridian FX APAC. The trial demonstrated the feasibility of synchronised settlement across central bank systems with different technologies, aiming to reduce settlement risk and enhance liquidity efficiency.