account_box
MoneyScience - News and Networking for Quants

Community Activity

keyboard_arrow_down keyboard_arrow_up
Mar 17 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/16/2020

Bitcoin Pumps 8% Just After 40M Tether Move to Bitfinex…"After dropping substantially for several hours on Sunday, the BTC spiked eight percent. This major move coincidentally happened just as $40 million worth of Tether tokens (USDT) moved to Bitfinex.tags: Fintech CryptoAssets Bitcoin Tether Central Bank of Kenya Announces Emergency Measures to Facilitate Mobile Money Transactions The Central Bank of Kenya announced measures that will facilitate increased use of mobile money transactions instead of cash. While the immediate objective is to reduce the risk of...

Mar 17 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 17 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Alternative Risk Transfer Weekly Digest

ILW market growth to come from specialty & cyber risks: JohansmeyerRetrocessional reinsurance capacity remains scarce for some specialty perils, especially cyber reinsurance, Johansmeyer said, adding that the capital markets can fill this hole and the ILW is the ideal solution to help it in.

Sidecars in need of significant innovation & change: Mayer Brown's SpitzerThe collateralised reinsurance sidecar leaves a lot to be desired, speakers at a conference discussed recently, with the structure singled out as being cumbersome and inefficient, leading to an opportunity for...

Mar 17 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 17 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Financial Plumbing Weekly Digest

Bond ETFs Face Toughest Liquidity Test YetBond ETFs are highlighting signs of liquidity stress in broader markets, with cash prices trading at persistent and deep discounts to the value of the underlying assets.Pandemic threatens Libor transition plansRegulators want to transition to new risk-free rates before the end of 2021, when Libor contributors will be free to stop supporting the rate. Some industry sources now warn the timeline may need to be extended – partly because resources are being consumed by Covid-19, and partly because the industry is realising how little it knows about the...

Mar 17 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 16 2020 12:02
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/15/2020

Denis Beau: What financial sovereignty in a digital world?"We now live in an increasingly digital world, in which technical progress makes it possible to market new goods and services that claim to simplify and enrich our lives. In the area of finance, like elsewhere, innovation seems to have followed a historical process rendering it practically invisible: As St Exupéry writes in Wind, Sand and Stars "Thus, precisely because it is perfect the machine dissembles its own existence". Behind this apparent simplification, however, lies a profound change in financial activities, their...

Mar 16 2020 12:02
keyboard_arrow_down keyboard_arrow_up
Mar 15 2020 12:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/14/2020

MakerDAO Debts Grow as DeFi Leader Moves to Stabilize ProtocolMakerDAO’s emergency shutdown option – which was weighed by community members following the appearance of a $4 million debt bubble on the decentralized finance (DeFi) platform – will not pass at this time. If a shutdown was triggered by the Maker team, all dai stablecoins in circulation would convert to the underlying asset, ether (ETH).tags: Fintech CryptoAssets Stablecoins DAI MakerDAO Ethereum Honeywell Is Now Tracking $1 Billion In Boeing Parts On A Blockchain Boeing has added more...

Mar 15 2020 12:01
keyboard_arrow_down keyboard_arrow_up
Mar 14 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/13/2020

Digital stimulus?Could now be a good time to announce a CBDC? The asset/saving-less can be encouraged to sign up to the system with the promise of a $2000/£2000/€2000 stimulus and an ongoing stipend of x amount for however long the crisis lasts (an effective negative rate). Those seeking safety for savings, meanwhile, can be promised the protection of par value, with capital invested strategically redeployed in the system in the shape of zero-rate loans for temporarily struggling businesses?Crisis at MakerDAO as ETH crash creates bad debt worth $4 millionMakerDAO has been holding...

Mar 14 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 13 2020 12:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/12/2020

Central Bank Digital Currency: opportunities, challenges and designThe Bank of England has published a discussion paper setting out its initial CBDC thinking to provide a basis for further research and dialogue between the Bank and a range of stakeholders.Digital Financial Services Reference Guide - Bill & Melinda Gates FoundationTogether with partner organizations, the Bill & Melinda Gates Foundation’s Financial Services for the Poor Program has developed a reference guide as a public good to assist regulators who are exploring policy options for enabling the development of...

Mar 13 2020 12:01
keyboard_arrow_down keyboard_arrow_up
Mar 12 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/11/2020

New Celo Alliance Has Same Aims as Libra – And Some of the Same PartnersThe Silicon Valley crypto startup cLabs, focused on mobile payments and the Celo blockchain project, is following another precedent from Facebook’s Libra playbook by launching an industry association through a separate Celo Foundation.Centrale Bank van Curaçao en Sint Maarten contracts equensWorldline for instant paymentsThe Centrale Bank van Curaçao en Sint Maarten has contracted equensWorldline SE, a subsidiary of Worldline, to introduce an instant payments system on top of their current clearing &...

Mar 12 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 12 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/10/2020

Stablecoins: A Brave New World? With regard to their volatile prices, limited number, small total amount, and concentrated market, stablecoins have so far met with a mixed success. They rather represent a complement to the crypto-assets market. However, the arrival of very large issuers, securing a higher degree of confidence to users, and apt to reach a wide public, could give their projects a potentially systemic impact. These global stablecoins would create risks, in particular for financial stability and monetary policy, and in lesser-developed economies. This paper reviews...

Mar 12 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 10 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/09/2020

OPEC price war one of three worst things that could hit virus-wracked markets "Cryptocurrencies, despite them being conceptually appealing in thunderdome scenarios that may indeed materialize in a handful of failed or failing states that find themselves at the intersection of a pandemic and a terms of trade shock. Their limitation is they are funding vehicles, so don’t appreciate when other investments are unwound, and also lack the liquidity to make them alternatives to core defensive assets." tags: Fintech CryptoAssets Bitcoin...

Mar 10 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 09 2020 18:02
John Kiff wrote a new blog post titledKiffmeister's Financial Plumbing Weekly Digest

The fundamentals of safe assetsWhat makes government bonds a safe asset? This column shows that the low political and institutional risk of issuing countries and the relative size of the debt market foster a safe asset status, with the latter factor – size – reflecting the special role of the US in providing a large, deep and liquid market for government bonds. Inertia – whether the bond behaved as a safe asset in the past – is also important. Notably, the drivers of safe asset status are heterogeneous within advanced and emerging markets, with...

Mar 09 2020 18:02
keyboard_arrow_down keyboard_arrow_up
Mar 09 2020 18:02
John Kiff wrote a new blog post titledKiffmeister's Alternative Risk Transfer Weekly Digest

When will coronavirus Covid-19 trigger the World Bank's pandemic bond? In 2017 the World Bank issued a pandemic bond designed to help fund the response to any widespread outbreak of a number of diseases, including coronavirus. The $320 million bond was part of a bigger $425 million risk transfer that included a concurrent $105 million swap with six reinsurance counterparties. Should it already be paying out?tags: CAT ILS Mortality Pandemic ARTWorld Bank President Malpass notes PEF pandemic bonds could pay outThe...

Mar 09 2020 18:02
keyboard_arrow_down keyboard_arrow_up
Mar 09 2020 18:02
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/08/2020

During MIT panel, experts say blockchain is not yet a clear design choice for central bank digital currencies - The BlockExperts at the MIT Bitcoin Expo on Saturday argued that blockchain as a technology is not yet a clear choice for central bank digital currencies due to challenges regarding privacy protection, interoperability, and the ability to move value on a consistent basis. At the same time, they believe that the introduction of central bank digital currencies is a necessary improvement upon the existing global financial system because they advance financial inclusion, cut the cost...

Mar 09 2020 18:02
keyboard_arrow_down keyboard_arrow_up
Mar 09 2020 18:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/07/2020

Technology for All "Technological change does not follow its own direction, but rather is shaped by moral frames, incentives, and power. If we think more about how innovation can be directed to serve society, we can afford to worry less about how we should adjust to it." tags: FintechPosted from Diigo. The rest of my favorite links are here.

Mar 09 2020 18:01
keyboard_arrow_down keyboard_arrow_up
Mar 09 2020 18:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/06/2020

Eastern Caribbean Currency Union : Selected IssuesGiven that the ECCB has a fixed exchange rate regime, monetary policy implications of a CBDC would be limited. [But] key challenges that warrant careful considerations would include risks to financial intermediation, financial integrity, and cybersecurity.tags: Fintech CryptoAssets CBDC Masayoshi Amamiya: Central Bank Digital Currency and the future of payment and settlement systems "If the central bank issues CBDC, relevant transaction information will flow into the central bank. Its implication is not only a...

Mar 09 2020 18:01
keyboard_arrow_down keyboard_arrow_up
Mar 06 2020 00:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/05/2020

IMF Advises Caution on the ECCB's Digital Currency Pilot While welcoming the authorities’ pursuit for more financial innovation, IMF Directors recommended that the ECCB’s digital currency pilot project should proceed with caution.tags: Fintech CryptoAssets CBDC ECCB governor hopes for digital currency boost - Locations The Eastern Caribbean Central Bank is to launch a digital currency for the benefit of its dispersed island economies – essential to a region that has been disproportionately affected by climate...

Mar 06 2020 00:01
keyboard_arrow_down keyboard_arrow_up
Mar 05 2020 00:02
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/04/2020

Facebook is shifting its Libra cryptocurrency plans after intense regulatory pressureApparently Facebook no longer intends to make the Libra token the centerpiece of its digital payments strategy. Instead, Facebook’s Libra project will reportedly transition to supporting both existing government-backed currencies, like the US dollar and the euro, and the Libra token when it is eventually completed and ready to launch.tags: CryptoAssets Facebook Stablecoins Fintech Facebook’s Libra national currency plan isn’t new — it was always the fallback plan B Facebook...

Mar 05 2020 00:02
keyboard_arrow_down keyboard_arrow_up
Mar 04 2020 12:02
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/03/2020

Malaysia: A Flourishing Fintech EcosystemIn Malaysia, where annual economic growth has averaged just under 5 percent over the past five years, fintech is a part of everyday life. It is rapidly becoming a central part of the country’s financial sector, with considerable promise for expansion, according to new IMF analysis.tags: FintechSharia fintech: Startups race to tap Indonesia growth by aligning with IslamIndonesia’s top Muslim clerical body has issued an edict deeming virtual money acceptable, as long it met specific conditions. To showcase the compliance of their services with...

Mar 04 2020 12:02
keyboard_arrow_down keyboard_arrow_up
Mar 03 2020 12:03
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/02/2020

Digital currency launched on AbacoThe Central Bank of the Bahamas ‘Sand Dollar’ pilot has reportedly expanded to the island of Abaco.tags: Fintech CryptoAssets CBDCMarshall Islands to Power World’s First National Digital Currency with AlgorandThe blockchain for the Marshall Islands SOV will be built using Algorand technology. The SOV will circulate alongside the US dollar.tags: Fintech CryptoAssets CBDCCentral banks are researching digital currencies to replace cashGood summary of recent thinking on central bank digital currency (CBDC) by the Bank for...

Mar 03 2020 12:03
keyboard_arrow_down keyboard_arrow_up
Mar 02 2020 12:01
John Kiff wrote a new blog post titledKiffmeister's Fintech Daily Digest 03/01/2020

BIS on the Technology of Retail Central Bank Digital Currency "Central bank digital currencies (CBDCs) promise to provide cash-like safety and convenience for peer-to-peer payments. To do so, they must be resilient and accessible. They should also safeguard the user's privacy, while allowing for effective law enforcement. Different technical designs satisfy these attributes to varying degrees, depending on whether they feature intermediaries, a conventional or distributed infrastructure, account- or token-based access, and retail interlinkages across borders. We set out the...

Mar 02 2020 12:01

Tagging powered by
Open Calais

Built with
Spine Platform

Secured by
Donate

-->