Trust in the financial industry is low among consumers, thanks to opaque fees, bespoke benefits and complex offerings. Standardizing products and lessons from medical industry reforms offer a better way forward.
There’s been a massive influx of investment into AI-related hardware and model development. Citi Institute’s Prag Sharma says investing in governance is also essential for driving returns.
The GENIUS Act traces a historical pattern: elites turning new forms of money into instruments of authority. A 19th-century theory of tribal money suggests stablecoins may repeat that cycle in digital form.
Peru’s central bank is quietly running one of the world’s most distinctive digital currency pilots. Milton Vega explains how the project treats CBDCs as a public policy experiment in inclusion.
The chief executive of the Hong Kong Monetary Authority argues that emerging technologies like tokenization and AI can improve inclusion and efficiency if central banks play an active role.
Regulators must work alongside innovators in AI and quantum, so that public confidence doesn’t lag behind the code.
The father of the European Union’s Markets in Crypto-Assets Regulation discusses making the most of a crisis, waiting for Washington and the risks of failing to innovate.
Superintendent Adrienne A. Harris of New York state’s financial services regulator discusses the maturation of crypto, why FTX didn’t pass muster and waiting for Congress to act.
The rise of stablecoins poses complex and novel cross- border legal challenges. With the right model-law approach, policymakers can can maintain stable value and protect consumers while safeguarding monetary integrity and financial stability.
More regulation may be essential for crypto tokens to reach their potential, but a clunky approach risks strangling the industry. A smarter approach centered around potential market failures is the way forward.
The leading edge of fintech is moving faster than many regulatory capabilities, posing risks to financial stability, security and inclusion. Artificial intelligence applications could help flip the script, by transforming how regulators, risk managers and ordinary consumers interact with the financial system.
While digital asset ecosystems continue to hold great promise, they often lack trust, governance and interoperability. This prevents them from enabling simple and secure digital commerce use cases for ordinary users. New regulatory standards can help them flourish by developing consistent expectations, clear frameworks and a shared global understanding.
As the European Union continues to set out new policies and requirements around digital finance, it remains an open question to what extent excessive regulation is penalizing firms on the continent.
Applying time-worn policy frameworks to new financial technologies can lead to unexpected risks — including both under-regulation and over-regulation. By embracing practices grounded in “futurism,” authorities can better recognize when innovations call for breaking the regulatory mold.
SEC Commissioner Hester Peirce on attracting innovation, providing clear guidelines and why regulators need humility.
The general counsel at the Monetary Authority of Singapore, the central bank and financial regulator, on emerging challenges and opportunities.
Faced with the evolutions and disruptions caused by fintech, regulators can themselves lean on the emerging fields of RegTech and SupTech to help maintain a resilient, stable and sustainable financial sector.
Europe’s Single Supervisory Mechanism was established a decade ago to gather fragmented national banking systems under a safe and secure environment. As the financial landscape has evolved, the European Central Bank has turned to the latest supervisory technologies to transform its operations, capabilities and culture.
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