Entries for 'Digital Finance'
June 17, 2022
The Institute of International Finance welcomes the opportunity to respond to the European Commission questionnaire on a potential euro-denominated central bank digital currency (CBDC). We commend the EC for taking this step forward in considering this momentous issue.
June 1, 2022
The IIF has made a submission to the Financial Stability Board (FSB) on KPIs for measuring progress toward the quantitative targets for the G20 Cross-...
May 31, 2022
In this episode of FRT, Ronit Ghose, Global Head of Banking, Fintech and Digital Assets for Citi Global Insights discusses the future of finance, exploring potential benefits and likely challenges of Decentralized Finance (DeFi), Web 3.0, and the Metaverse.
May 23, 2022
The IIF has made a submission to the U.S. Federal Reserve Board of Governors responding to its discussion paper, Money and Payments: The U.S. Dollar i...
May 17, 2022
Leading supervisors and financial service firms are increasingly considering conduct and culture alongside the more established risk management areas. This episode explores the emerging trends surrounding conduct and culture, and analyzes new solutions employing behavioral science and technology to deal with the scale and speed of the challenge.
May 6, 2022
The latest session of the IIF’s DataTalk focused on decentralized finance, discussing key issues most pertinent to Chief Data Officers.
May 3, 2022
In this episode of FRT, Tommaso Mancini-Griffoli, Division Chief in the Monetary and Capital Markets Department, and Gabriel Soderberg, Financial Sector Expert, of the International Monetary Fund (IMF) discuss Central Bank Digital Currency (CBDC), including design choices and interoperability, risks and opportunities in implementation, and how the IMF is working with countries as they explore CBDCs.
April 19, 2022
International rules of the road for the digital economy continue to be elusive while national restrictions on the flow of data proliferate. This paper presents a framework to inform debate and drive progress towards better solutions.
April 14, 2022
This note further updates IIF members on the most recent developments in digital assets policy, following on our member-only briefing notes of March 3 on global digital assets policy and March 18 on United States (U.S.) President Biden’s Executive Order on digital assets.
April 8, 2022
The latest session of the IIF’s DataTalk focused on digital identity. This note provides a summary of the key themes that emerged, noting that t...
April 5, 2022
DeFi (Decentralized Finance) and blockchain technology are driving innovation in products and services including NFTs (Non Fungible Tokens), DAOs (Decentralized Autonomous Organizations), and DID (Decentralized Identifiers). They are also attracting regulatory scrutiny as the sector grows, risks become clearer, and these new kind of organizations struggle to comply with existing regulatory frameworks. Chris Brummer has considered this situation and sees opportunity to reimagine disclosure systems that are programable and leverage this new tech for modern compliance.
March 23, 2022
The IIF has made a formal submission to the International Organization of Securities Commissions (IOSCO) responding to IOSCO’s January 17, 2022, consultation report on measures to address the risks from the digitalization of retail marketing and distribution of financial services and products.
March 22, 2022
In this episode of FRT, Carole House, Director of Cybersecurity and Secure Digital Innovation at the White House National Security Council, and Christopher Giancarlo, former Chairman of the U.S. Commodities Futures Trading Commission and founder of the Digital Dollar Foundation, discuss the Biden Administration’s Executive Order on Ensuring Responsible Development of Digital Assets. They share observations regarding the comprehensiveness of the Order, the range of agencies involved, and developments in digital asset regulation globally.
March 18, 2022
Last week, U.S. President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets. The Order, the first to focus ex...
March 11, 2022
The latest session of the IIF’s DataTalk focused on the potential of central bank digital currencies (CBDCs) for cross-border payments.
March 8, 2022
In this episode of FRT, Caroline Malcolm, Head of International Public Policy and Research for blockchain analytics firm Chainalysis, answers questions regarding cryptocurrency’s potential for use in sanctions evasion and humanitarian relief. Amid Russia’s invasion of Ukraine prompting rapid and unprecedented actions from the international community, Caroline provides in-depth explanations of how blockchain analytics tools trace transactions and expose trends in user behavior. We conclude that cryptocurrency, in this case, is not an effective tool for sanctions evasion at scale.
March 3, 2022
This note takes stock of the most salient recent policy developments relating to digital assets and proposals at the global, regional and national levels, including recent lawmakers’ consideration and moves by key regulators and central banks.
February 28, 2022
This Digital Finance briefing note explores the opportunities that cloud computing can unlock in the Latin America region (LatAm), and some of the challenges that will need to be addressed for that promise to be fulfilled.
February 22, 2022
In this episode of FRT, we hear from Greg Wolfond, Chair and CEO at the fintech SecureKey Technologies, Toronto; and Angus McFadyen, Partner at the law firm Pinsent Masons, London. Greg and Angus were among a team of experts and IIF members who developed and finalized the Principles for Digital Trust Networks as part of the Open Digital Trust Initiative of the IIF and the Open ID Foundation.
February 15, 2022
The Open Digital Trust Initiative of the IIF and the Open ID Foundation has finalized Principles for Digital Trust Networks, identifying at a high level the ‘rules of the road’ that Digital Trust Networks should adopt to incentivize a high level of digital trust, user centricity and low cost.