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MoneyScience - News and Networking for Quants

November 2019

Kiffmeister's Fintech Daily Digest 11/27/2019

Comment0 Nov 28 2019 00:02 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Ghana could issue digital currency in ‘near future’Ghana could issue a digital form of the nation's currency, the cedi, in the "near future” and is in talks to develop a pilot project in a sandbox environment. https://www.bog.gov.gh/wp-content/uploads/2019/11/23rd-Annual-Banking-Conference_Speech_Governor_final.pdftags: Fintech CryptoAssets CBDCBitcoin's climate change impact may be much smaller than we thoughtBitcoin mining consumed enough electricity last year to release...

Kiffmeister's Fintech Daily Digest 11/26/2019

Comment0 Nov 27 2019 18:03 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Benoît Cœuré: Towards the retail payments of tomorrow - a European strategy“[A central bank digital currency] could take a variety of forms, the benefits and costs of which the ECB and other central banks are currently investigating, being mindful of their broader consequences on financial intermediation.”tags: Fintech CBDC FastPayments CryptoAssets Why 92% of Institutional Investors Store Crypto on ExchangesExchanges remain the most popular choice for cryptoasset...

Kiffmeister's Fintech Daily Digest 11/25/2019

Comment0 Nov 27 2019 18:03 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Analytical Report on the E-hryvnia Pilot ProjectThe National Bank of Ukraine has been doing some serious work on central bank digital currency, including a limited pilot!tags: Fintech CryptoAssets CBDCFrench central bank floats European wholesale CBDCThe potential role of a DLT-based wholesale CBDC is in worth considering if not desirable according to the Banque de France's Denis Beau, and the central bank is quite open for experiments in that direction, together with the ECB...

Kiffmeister's Fintech Daily Digest 11/24/2019

Comment0 Nov 27 2019 18:03 keyboard_arrow_downkeyboard_arrow_up Comment0 language

"How long will regulators allow pseudonymous usage of stablecoins to continue? FATF regulations are supposed to be technology-neutral. So far FATF hasn't had much to say on stablecoins. But you can be sure that something is in the works, and it isn't likely to be good for stablecoin operators. The problem is that granting permissioned-pseudonymity to stablecoin...

Kiffmeister's Financial Plumbing Weekly Digest

Comment0 Nov 27 2019 18:03 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Sonia-Libor basis narrows after fallback verdict The basis between sterling Libor and Sonia swaps narrowed sharply on Monday, after an industry trade body clarified the methodology for calculating the final rate at which Libor swap contracts will switch to alternative risk-free rates (RFRs).tags: Plumbing LIBORMechanics and Definitions of ISDA IBOR fallbacksIf an ‘IBOR rate, e.g. USD LIBOR, ceases to publish, we now know the exact methodology that...

Kiffmeister's Alternative Risk Transfer Weekly Digest

Comment0 Nov 27 2019 18:03 keyboard_arrow_downkeyboard_arrow_up Comment0 language

FedEx Fleeing PBGCStarting in 2020, new FedEx hires will have their own 40(k) plan and not be able to enter the Cash Balance plan though employees were assured this is not a cost-saving initiative, but “an evolution of our employee benefits to attract and retain talent.” Not entirely true. The savings would come from reduced premiums to the Pension Benefit Guaranty Corporation.tags: ART Pensions LongevityUNICEF looks to catastrophe bonds as post-disaster funding...

Kiffmeister's Fintech Daily Digest 11/23/2019

Comment0 Nov 27 2019 18:03 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Bakkt's Bitcoin Futures Shatters Records Amid Spot Market Turmoil Bakkt’s bitcoin core futures contract saw saw 2,728 contracts traded ($20 million) and $1.75 million in open interest outpacing the record of 1,179 contracts on October 25, as the spot market price of BTC plummeted under $7,000 on November 22.tags: Fintech CryptoAssets Bitcoin Futures Derivatives FinCEN: Stablecoin Issuers Are Money Transmitters,...

Kiffmeister's Fintech Daily Digest 11/22/2019

Comment0 Nov 27 2019 18:03 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Sweden Central Bank Lays Down its Six Steps to Successfully Implement Digital CurrencyDuring a recent panel discussion, Stefan Ingves, the Governor of Sweden’s central bank, Sveriges Riksbank, laid out a six-step plan for the introduction of is central bank digital currency.tags: Fintech CryptoAssets CBDCBitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Local ExchangesCrypto exchanges operating illegally in China face a new threat after...

Kiffmeister's Fintech Daily Digest 11/21/2019

Comment0 Nov 27 2019 18:02 keyboard_arrow_downkeyboard_arrow_up Comment0 language

European Central Bank confirms exploring digital Euro as retail, wholesale CBDCAn ECB official confirmed its work on a digital Euro. The bank has explored it as both a retail and wholesale CBDC, and noted it has experimented with blockchain.tags: Fintech CryptoAssets CBDC China Central Bank to Set Standards for 17 Fintech Categories, Including Blockchain PBOC VP Yifei Fan said the bank aims to better regulate new technologies applied across the financial industry....

Kiffmeister's Fintech Daily Digest 11/20/2019

Comment0 Nov 27 2019 18:02 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman In a Nov. 19 letter responding to questions from lawmakers Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.) in late September, Powell said the Fed has noted the efforts of other nations to explore a CBDC option, and that it continues to "carefully analyze the costs and benefits of pursuing such an initiative in the U.S."cbtags: CryptoAssets Fintech...

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