The global financial infrastructure—a complex network of technical systems provided by central banks, exchanges, clearing houses and securities depositaries—supports trillions of dollars of trading a year and underlies almost all […]
Ten years ago, Indians relied largely on cheques to move money around the country, a legacy of the colonial era. Now India operates the most advanced digital payments system in […]
The battle between New York state prosecutors and the operators of tether, the world’s largest ‘stablecoin’, shows no sign of dying down. In a brief filed on 4 December with […]
For the regulators in charge of the global financial market’s infrastructure, new technologies are prompting a fundamental rethink of how payments and securities trades are settled. Now the Committee for […]
It’s time to level the playing field between technology firms and finance incumbents, say policymakers. Along with healthcare, transport and energy, finance is one of the most heavily regulated sectors […]
Facebook’s Libra project, announced this summer, shook up politicians and regulators by showing how quickly the digital money race is accelerating. To understand what’s going on, we need to look […]
In developed financial markets, a fundamental principle of the legal regime is that a financial institution’s assets and its clients’ assets are kept separate. That way, if the institution goes […]
There’s a country out there that’s invisible to most of us. It’s called Moneyland. This country doesn’t discriminate against outsiders. It’s open to anyone, so long as they can afford […]
Governments appear to want to split bitcoin into two. But will they succeed? In June, the Financial Action Task Force (FATF), a group of 36 governments seeking to address money […]
Despite the rapid rise of digital payments, cash isn’t on its way out yet. That’s the key message from the Bank for International Settlements (BIS), which published its annual ‘Red […]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok