Last week the general manager of the Bank for International Settlements (BIS), Agustín Carstens, made a spirited defence of central banks’ role in the global monetary system. “The monetary and […]
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 […]
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 […]
If you want to get regulators onside to launch a new global payments technology, there’s one place in particular where you need to plead your case. It’s Basel in north-west […]
At the end of a week in which Facebook announced a major new payments project and the UK’s central bank said it would allow more non-banks into the core of […]
The Bank for International Settlements (BIS) has been described as ‘the world’s most exclusive club’. Its bimonthly policy meetings, held in Basel, Switzerland, bring together the heads of all the […]
The proliferation of new forms of money is inevitable and our lives are going to become more challenging as a result. That’s the view of Simon Gleeson, a specialist in […]
Like a current, money flows, it circulates, it’s liquid. In fact, English law regards currency as one of the key attributes of money. But should new, virtual forms of money […]
It’s a period of heady and unprecedented innovation in both money and payments. But don’t expect central banks to join the party. That’s the sober message delivered today by Agustín […]
Transferring money from one person to another is relatively easy if you are in physical proximity, in the same time zone or national financial system. But what if your counterparty […]