Bank of England, MAS and Bank of Thailand Publish Project Meridian FX APAC Policy Report on FX Synchronisation

What was announced

The Bank of England (BoE) published the policy report for Project Meridian FX APAC on 13 November 2026. The project was a joint experiment on synchronisation in foreign exchange (FX) run by the Bank of England, the Monetary Authority of Singapore and the Bank of Thailand.

The Reserve Bank of Australia and Bangko Sentral ng Pilipinas took part as observers.

What the report covers

According to the BoE, the page summarises the policy findings of the experiment. It sets out the key policy conclusions drawn from the work, along with considerations for a live service.

The announcement excerpt does not detail the specific findings, the technology used or any timeline for a live service. Readers who want those details should consult the full report published by the BoE.

Why it matters for FX market watchers

The project involves central banks from several jurisdictions examining how FX settlement-related processes could be synchronised. Because the source does not describe concrete outcomes or implementation plans, it is best read as a policy publication rather than a change to market rules.

Notes for EA trading

Policy publications and other official releases can coincide with periods of thinner liquidity and sharper short-term moves. Spreads may widen around such times, so it is worth checking how your EA behaves in these conditions. Some traders consider pausing automated systems around major releases.