Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly. We're looking into this.
“Finding the right balance of responsibilities between the public and private sector is fundamental to accelerate financial digitalization,” Cecilia Skingsley, Head of the #BISInnovationHub, said at a @_TorontoCentre event #IMFMeetings
The domestic monetary system is like a tree with the central banks as the solid trunk supporting a rich and diverse ecosystem. The global monetary system is a healthy forest whose canopy facilitates cross-border transactions #BISAnnualEconReport https://t.co/Bd9S2v9a3x
A new #BISInnovationHub report explores similarities and differences between four cross-border #CBDC projects that mobilised 10 central banks with a view to setting out the insights and policy lessons learnt. Read more: https://t.co/IDp0bKtejP
“The fusion of new capabilities around the core of trust provided by central bank money.” In a new video, @HyunSongShin, BIS Economic Advisor and Head of Research explains what the financial system of the future will look like #BISAnnualEconReport https://t.co/Bd9S2v9a3x
Wholesale and retail central bank digital currencies and advanced payments systems will be part of a diverse ecosystem that best serves the public interest. Innovation is rooted in the trust in central bank money #BISAnnualEconReport#CBDCs https://t.co/Bd9S2v9a3x
Several central banks and the Bank for International Settlements have developed prototypes for a common digital currencies platform that has the potential to make cross-border payments more efficient https://t.co/MsMmi7okdO
I’ve previously warned about the potential that Russia could conduct malicious cyber activity against the U.S. Today, I’m reiterating those warnings based on evolving intelligence that the Russian Government is exploring options for potential cyberattacks. https://t.co/wO2jJgg5SJ
The Bank of London
One of the many failures of the global banking industry is they only really asked themselves one question… and that question was Where will the future of banking take us? When they really ought to have asked themselves, Where will we take the future of banking
The Bank of London
Faster Better Stronger Cheaper
The Bank of London is not just another new bank where the world's first purpose built global clearing agency and transaction by the likes of which the world has never seen before #TimeForChange
With Project Jura, the #BISInnovationHub, Swiss National Bank and Bank of France proved it possible to settle tokenised financial assets and foreign exchange transactions with wholesale #CBDC. Watch the video to learn more @SNB_BNS_en@banquedefrance
https://t.co/SVHxUBqj8t
The #DigitalMoney revolution is here.
It brings incredible opportunities—and risks we must manage through global collaboration, ensuring innovation and interoperability.
Great talk w/@martinwolf_, @bcoeure & @EswarSPrasad on this vital topic for future of the global economy!
“Stablecoins and decentralised finance will challenge banks’ business models and monetary authorities must act more quickly to develop official digital assets” - via @FT https://t.co/7YJNyNxdRt
The collapse of the system of fixed exchange rates shook the world in 1971, but paved the way for the modern international monetary system. As we contemplate how the digital age may further alter the system, the past holds some lessons. #IMFBlog https://t.co/ZO7hnhgRh3