Financial system needs to be ‘quantum-ready’ – BIS study
Working paper reviews benefits and risks of computing technology
Central banks have a crucial role in ensuring the financial system is well prepared for the security risks posed by quantum computing, a Bank for International Settlements (BIS) study argues.
The working paper, published today (October 4), explores the benefits and risks that quantum computing could bring to the financial system. The authors – Raphael Auer, Angela Dupont, Leonardo Gambacorta, Joon Suk Park, Koji Takahashi and Andras Valko – say the technology can solve complex and data-heavy
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