Hi All
Huge quantum policy related news! On July 7, 2025 the Bank for International Settlements (BIS) – often called the “central bank of central banks” – published a major paper titled “Quantum-readiness for the financial system: a roadmap.”
The paper provides a comprehensive framework to help the global financial sector transition to quantum-safe cryptography. The Bank for International Settlements – BIS rarely sounds the alarm on technology issues so explicitly, so when it speaks, it carries weight. BIS’s involvement also signals that quantum cyber risk is not just an IT problem, but a systemic financial stability concern.
The roadmaps content aligns strongly with what experts have been advocating: inventory your crypto, upgrade to PQC ASAP, use hybrid/envelope approaches in the meantime, build crypto agility, and don’t underestimate the effort involved.
On the whole, the BIS roadmap is more aligned with the “urgent migration” camp than not. It validates the concerns raised by many in the security community and by forward-looking agencies. It explicitly states quantum is an “imminent threat” to the financial system requiring urgent action, and that vulnerable crypto must be replaced well before a CRQC arrives. It doesn’t mince words that doing nothing is not an option. Where BIS could push harder is on coordinating a faster global response.
https://postquantum.com/industry-news/bis-quantum-roadmap-banking/
Regards
Caute_Cautim
