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Regulation

Creating a level playing field for regulating FinTech

The Bank of International Settlements (BIS) just released a paper on how governments and central banks should deal with FinTech upstarts. Here are the conclusions: Helping to achieve a level playing field in the provision of financial services is a desired outcome of the regulatory framework. This entails facilitating an …

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Or will CBDCs destroy banking?

I keep wondering about the future. Governments vs Libertarians? Centralised vs decentralised? DeFi vs CBDC? My conclusion is CBDCs will win, in the financial markets. Why? Because money is critical to our lives. It’s a key. You cannot ignore it. It’s what we created to make society orderly. I discussed …

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Change the System (#FinCEN)

I got this endorsement from the one and only Alice Cooper the other day …  … it was sent by a friend to cheer me up and it surely did. A lot. Love Alice Cooper. But it made me reflect too on the message: “change the system”. Change the …

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RegTech versus TechReg

I often talk about how banks have five times more regulation than technology firms. That stat comes from Bank of America Merrill Lynch who published this chart a while ago: This is confirmed by similar charts, such as this one from Benedict Evans, a Partner at the firm Andreessen Horowitz, …

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