Financial Stability Board Seeks 'Better Understanding' of Blockchain Tech
The Financial Stability Board (FSB), a group of central bank governors and financial regulators from the world’s major economies, has begun working on blockchain technology issues. The work was disclosed in a speech given by Subhash Sheoratan Mundra, the deputy governor of the Reserve Bank of India, the country’s central bank. Mundra, who was speaking at a regional banking conference on 4th February, brought up digital currencies and blockchain technology in the context of competition in payments from non-bank entities. Declaring that “a massive disruption is possible”, Mundra went on to....
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The Financial Stability Board has discussed and reviewed distributed ledger or blockchain technology in a wider meeting covering its priorities in 2016, during a discussion in Tokyo over the past two days. The Financial Stability Board (FSB), a common platform that sees the coming together of senior policy makers from central banks, ministries of finance and other supervisory and regulatory authorities from G20 nations has revealed that it has reviewed distributed ledger technologies in a meeting. Held over the last two days in Tokyo, Japan, the meeting was to review the international....
An international body of regulators and government officials created in the wake of the 2008 financial panic is expanding its work on blockchain. Since as early as last year, the Financial Stability Board has been researching the tech and its impact on the global financial system. The most recent update from the group was in July, when it said it was exploring “possible steps to address potential risks” related to digital currencies. In a 3rd November speech at the Chatham House Banking Revolution Conference, FSB secretary general Svein Andresen suggested that the organization was....
France’s central bank has released a new report on financial stability in an era of digitization that multiple times touches on virtual currencies and blockchain technology. The report notes that the Banque de France is conducting its own research into the topic in cooperation with the Financial Stability Board (FSB), a body of central bank governors and government officials from the G-20 group of nations. The FSB highlighted its work in the area in February, and more recently, has been looking at the technology through the lens of financial innovation. According to a loose translation of....
The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October.
FSB to Present Robust Crypto Regulatory Framework to G20 in October
The Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, released a statement Monday on the “international regulation and supervision of crypto asset activities.”
The G20 watchdog stated....
The Financial Stability Board (FSB), an international body aimed at improving the global financial system, reviewed distributed ledger technology as part of a meeting to set its 2016 priorities this week in Tokyo. The FSB said it proposed a framework for categorizing financial technologies, including distributed ledgers, and assessing their impact on global financial stability. The topic was reviewed along other, broader priorities for the organization, which included promoting a more robust financial infrastructure and addressing new vulnerabilities in the financial system. The official....