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What do banks think about decentralised finance

I got a tweet the other day pointing me to a report from the Financial Stability Board about the use of decentralised technologies for financial services. Excellent report from the Financial Stability Board @fsb about the impact of decentralized #fintech#finserv #DeFi #DLT #payments #lending ➡️https://t.co/toIsNQ580a pic.twitter.com/LUfGxn9akl …

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Things worth reading: 8th November 2019

Things we’re reading today include … Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case Wall Street investors slam Warren’s policies City traders: We want shorter working hours How big tech is dragging us towards the next financial crash Financial crime through …

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FX transfers that are wise

I got an email the other day from TransferWise, a service I use frequently. Why do I use it? Because I moved to Poland. Poland’s currency is the Zloty and paying everything on my card in British Pounds with conversion rates seemed stupid. It really …

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Things worth reading: 7th November 2019

Things we’re reading today include … Deutsche Bank collapse rebuttal sets off Twitter storm Factbox: How the SEC is making life easier for corporate America Goldman’s journey: from high finance to the Mittelstand Second U.S. law firm plots rival London forex class action London Stock …

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Things worth reading: 6th November 2019

Things we’re reading today include … Citigroup Says It’s Open to Expanding Bank-Branch Footprint Modern Central Banking Is More Vulnerable Than We Think Banks boosted new lending to fossil fuel projects last year, figures show IBM, Bank of America team up to launch financial services-specific …

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Criminals in the financial system

We hear a lot about how crypto and bitcoin encourages illegal activity, drugs, money laundering and such like. The reality is that such activity today is tiny when compared with the amount of illegal activity, drugs and money laundering going through the banking system. As …

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Things worth reading: 5th November 2019

Things we’re reading today include … Goldman Sachs offers would-be parents on staff $20,000 to buy eggs OneCoin lawyer on trial for role in ‘crypto-scam’ Regulators press Deutsche boss to drop dual roles Santander buys majority stake in fintech Ebury for £350m Edmond de Rothschild …

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The Gruffalbank

My children are big fans of The Gruffalo. If you’re not familiar with The Gruffalo, it’s the story about a mouse who might get eaten by threatening creatures like a Fox, an Owl or a Snake, but makes up a fictional character who could actually …

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PSD2, Open Banking and Beyond

I’ve a number of great friends in the industry, and enjoy their company and contribution. One of those friends is Gijs Boudewijn, Chair of the Payment Systems Committee at the European Banking Federation who kindly quoted me in his recent presentation on Open Banking. He has …

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Things worth reading: 30th October 2019

Things we’re reading today include ….   Lloyds Bank creates inheritance mess for hundreds of bereaved families after wills storage blunder The next Bank of England governor will face another recession – and Brexit won’t help with that PPI hit could tip Lloyds Bank into …

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