Financial stability latest publications
It is hard to imagine that Hollywood could have produced a more dramatic script. There have been more than 1.8M confirmed Covid-19 cases in the United States and 6.4M worldwide. Tragically, there have been almost 400K Covid-related deaths.
The digital transformation of financial services has opened up the market to new providers: FinTech start-ups and BigTechs. In this article, we explain how policymakers’ mindset should evolve towards a comprehensive response to ensure the financial sector remains safe, stable and open to competition.
The emergence of cryptocurrencies is opening the way to Central Bank Digital Currencies (CBDCs). This paper highlights the pros and cons of issuing CBDCs under four different variants: from the more modest proposals to the most ambitious ones where there could be a serious disruption in financial intermediation.
If economic crises serve for anything it is for us all to learn from our mistakes. Now that the worst is behind us, we should have been thinking for some time now about how to fix what didn’t work and how to safeguard what did.
The Financial Stability Board (FSB) has released its 2018 list for the Global Systemically Important Banks (G-SIBs). The total number of G-SIBs decreases to 29 (from 30). The three key changes versus the prior list are: i) one bank in (BPCE); ii) two outs (Nordea and RBS) and iii) two banks shift to a lower bucket (Bank of …
Next week’s Euro Summit is a great opportunity for Member States to move ahead with the strengthening of the Economic and Monetary Union (EMU), many parts of which still remain to be developed. Prominent among these are completing the Banking Union and defining the future role of the European Stability Mechanism (ESM).
Since Donald Trump took office in 2017, the United States has embarked on a process of easing and recalibration of its financial regulation. While this process will not entail a dismantling of its regulatory framework, it is certainly the largest overhaul made since the last financial crisis.
We identified the most relevant factors for the implementation of a CBDC in LatAm, under different designs. We concluded that the region could benefit more from the adoption of a CBDC than developed countries. However, the existence of costs associated with implementation casts uncertainty on where it will be adopted first.