Shaping the future of finance
This week’s main blog discussions include … What the FinTech Book Club thinks of “Intelligent Bank” The FinTech Book Club recently devoted its discussion to my latest book Intelligent Bank, and the overall reaction was strongly positive. That was a relief as I’m a good friend of these guys, but that does not make them…
The FinTech Book Club recently devoted its discussion to my latest book Intelligent Bank, and the overall reaction was strongly positive. That was a relief as I’m a good friend of these guys, but that does not make them biased. All views are their own and independent and objective. The reviewers are leading fintech experts…
Digital money doesn’t have a passport. For millenia, money has been organised around geography. The dollar belongs to America, sterling to Britain, the euro to Europe and the yen to Japan. Banks are licensed nationally, central banks provide national monetary anchors, governments guarantee deposits nationally and regulators supervise institutions largely through national legal frameworks. Digital…
I’ve recently written quite a bit about the GENIUS Act, the GRANITE Act and the CLARITY Act in the United States. Well, yesterday was the crucial day as the CLARITY Act moved through the Senate or, rather, it didn’t. The USA has spent years arguing that cryptocurrency needs regulatory clarity and the Digital Asset Market…
Over the past two days, I have looked separately at two uncomfortable developments in banking. The first is that banks are moving more and more of their critical infrastructure onto a handful of global cloud platforms, while the second is that artificial intelligence is moving from helping humans make decisions towards making those decisions itself….
The last global banking crisis was driven by mortgages, leverage and institutions that all believed the same thing at the same time. The next one will be driven by machines doing exactly the same thing, except they will do it in milliseconds. For the last few years, everyone has talked about artificial intelligence (AI) as…
I’ve written a lot about the Crypto President and the friction between the Trump administration’s legislation ranging from the GENIUS Act to GRANITE to CLARITY and you really could not make this stuff up. Will Donald Trump be the Crypto President? America is creating a war with Europe over digital money Donald Trump, the President…
We spent the years after the financial crisis worrying about banks that were too big to fail. We forced them to hold more capital, more liquidity, write living wills, run stress tests and prove that governments would never again have to rescue the financial system because one enormous institution collapsed. Meanwhile, almost unnoticed outside technology…
This week’s main blog discussions include … 25 years after 9/11: An attack on America, capitalism or the world? On Tuesday, 11th September 2001, I was flying back from Nice, France, after a conference. We arrived home and switched on the television. What we saw was horrific. At 8:46 that morning in New York, 13:46…
