The Financial Stability Board (FSB) is set to deliver a report to the G20 in October, shedding light on the influence of social media in accelerating bank deposit outflows and the potential need for changes to liquidity rules. This investigation comes in the wake of the failure of Silicon...
Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make digital payment systems faster by 2027 ignore the risk of heightened vulnerability to financial crime and money laundering. As PYMNTS...
Faster payments have the potential to vastly improve cross-border payments, particularly across retail payments and remittances. The Bank for International Settlements (BIS) said in a report last week, titled “Linking fast payment systems across borders: considerations for governance and oversight,” that it is seeking comments...
The heads of the G20 nations are calling for rapid adoption of global cryptocurrency rules. A report Sunday (Sept. 10) by Cointelegraph said this framework will allow for the exchange of information between countries starting in 2027. “We call for the swift implementation of the...
January 22, 2024
The Financial Stability Board (FSB) is set to deliver a report to the G20 in October, shedding light on the influence of social media in accelerating bank deposit outflows and the potential need for changes to liquidity rules. This investigation comes in the wake of the failure of Silicon Valley Bank (SVB) in March 2023 caused by rapid outflows […]
January 07, 2024
Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make digital payment systems faster by...
September 10, 2023
The heads of the G20 nations are calling for rapid adoption of global cryptocurrency rules. A report Sunday (Sept. 10) by Cointelegraph said this framework will allow for the exchange...
August 11, 2023
Enterprise blockchain and crypto solutions provider Ripple is among the members of a cross-border payments task force recently formed by the Bank for International Settlements (BIS). As part of the cross-border payments interoperability and extension task...
