financial stability board – DIGIT INFO

FSB calls for stricter oversight against AI vulnerabilities

DIGIT — Fri, 15 Nov 2024 07:35:17 +0000

FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance, and systemic vulnerabilities.

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Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

DIGIT — Tue, 18 Jun 2024 01:20:46 +0000

The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset […]

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Financial Stability Board opens proposed crypto regulatory framework for public comments

DIGIT — Tue, 11 Oct 2022 21:29:00 +0000

“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal.

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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

DIGIT — Sun, 18 Oct 2020 14:05:41 +0000

The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the […]

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In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

DIGIT — Tue, 12 Feb 2019 14:15:42 +0000

In this edition of The Daily we cover recent remarks from the new Chair of the Financial Stability Board (FSB), a spat between Wikileaks and Craig S. Wright (CSW), and the latest update about the upcoming institutional crypto platform Bakkt. Also Read: In the Daily: BCH Charity Anniversary, Lighting Wholesaler Takes Crypto, Atomicpay Vanity URLs […]

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FSB: Crypto-Assets Not a Threat to Global Financial Order

DIGIT — Thu, 11 Oct 2018 19:30:26 +0000

Cryptocurrencies do not pose a threat to global financial stability, but the diverse range of national regulatory regimes throughout the world continues to complicate efforts to establish an international legislative framework overseeing their use, the Financial Stability Board says in a new report. Also Read: Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley’ Report Advocates ‘Vigilant Monitoring’ In a […]

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Wendy McElroy: Other Than the Black Market, a Last Stand for Economic Freedom

DIGIT — Sat, 21 Jul 2018 15:00:51 +0000

The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 5 Crypto: Other Than The Black Market, A Last Stand For Economic Freedom? Money…is the economic area most encrusted and entangled with centuries of government meddling. Many people, many economists, usually devoted to the free market stop short at […]

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Financial Stability Is the Focus of New FSB Monitoring Framework

DIGIT — Thu, 19 Jul 2018 15:00:16 +0000

Cryptocurrencies are getting more attention every day, it seems, as the Financial Stability Board (FSB) announced on Monday that it had put together a standardized framework with which to monitor cryptocurrency assets. This body was called upon by the G20 Ministers of Finance and the Central Bank Governors to report by the end of July ... Read more

G20 Argentina Ends With No New Cryptocurrency Regulation

DIGIT — Wed, 21 Mar 2018 08:32:37 +0000

Nations forming the Group of 20 (G20) summit in Argentina this week issued Comunicado oficial de la primera reunión de ministros de Hacienda y presidentes de Bancos Centrales del G20, or first communication from the world’s central bankers concerning their work. The two page document is crammed with statements, and on the final page bankers […]

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