In its report on Tuesday, credit analyst Gavin Gunning said "central banks will likely lean toward a model where banks and other financial intermediaries continue to play a strong intermediation role, rather than one where central banks alone manage their digital currencies". The report was entitled: "The Future Of Banking: Central Bank Digital Currencies In Asia-Pacific--Pathways Are Plenty, Destination Is Uncertain." S&P Global Ratings said commercial banks play a key role in intermediating between savers and borrowers, and they work closely with central banks in the process. Central banks will ultimately want to avoid significant disruption, and avoid unintended consequences," the rating agency said. Most central banks are at least examining CBDCsIn Asia-Pacific developed markets, approaches are diverse and well-progressed.
