Tag: payments

BIS warns of bigtech takeover of finance

The Bank for International Settlements (BIS) says new public policies are urgently needed to address the growing dominance of large technology firms in financial services. In a bulletin published on […]

Pay attention to payments

We should all pay attention to what’s going on in payments, because changes in the technology of money transfers are going to affect all our lives. In the latest New […]

Stablecoin design is difficult and dangerous

Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]

UK fractures EU fintech consensus

In 2000 the European Union published its first electronic money directive—showing remarkable foresight about the potential future growth of digital payments. Europe’s early introduction of comprehensive rules for e-money has […]

No easy fix for remittance costs

There’s no easy way to address the frictions affecting global money flows, says the Committee on Payments and Market Infrastructures (CPMI), which looks after the safety and efficiency of the […]

FCA ends light-touch e-money regulation

The UK’s Financial Conduct Authority (FCA) has signalled an end to the light-touch regulation of payment and electronic money (e-money) firms, which have been at the forefront of the UK’s […]

BIS warns of new monopolies in payments

The Bank for International Settlements (BIS) has issued a rallying call for countries to prevent the emergence of powerful new monopolies in the form of digital platforms run by large […]