MoneyScience - News and Networking for Quants

February 2020

Kiffmeister's Fintech Daily Digest 02/28/2020

Comment0 Feb 29 2020 12:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

The art of redefining success, MoneyGram and Ripple editionFor all its talk about imminently disrupting cross-border payments, Ripple Labs, the cryptocurrency-startup that likes to make-out it’s in with the mainstream banking boys, has had very little to show for its efforts in terms of real-world applications or relationships.tags: CryptoAssets Blockchain Ripple FintechBitfinex Repays $100M of Outstanding Loan Facility to Tether"Bitfinex is pleased to announce that on...

Kiffmeister's Fintech Daily Digest 02/27/2020

Comment0 Feb 28 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

SEC Quashes Dreams of Bitcoin ETF With Another RejectionThe U.S. Securities and Exchange Commission disapproved the last proposal for a Bitcoin exchange-traded fund, likely destroying any remnants of hope from digital currency fans that a fund would get the green light this year.tags: Regulation Fintech Bitcoin CryptoAssets ETFsSEC commissioner Hester Peirce files dissent to agency's rejection of bitcoin ETF proposalIn her dissenting statement, Peirce stated that...

Kiffmeister's Fintech Daily Digest 02/26/2020

Comment0 Feb 27 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System The National Bank of Ukraine presented the results of testing its e-hryvnia CBDC project, concluding so far that it raises significant concerns. It is particularly concerned about the effect on financial stability as well as the possible threat to the traditional banking system. tags: Fintech CryptoAssets CBDC Bank of Canada Prepares for Digital Currency “In...

Kiffmeister's Fintech Daily Digest 02/25/2020

Comment0 Feb 26 2020 12:02 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Bank of Canada on Money and Payments in the Digital Age"Canadians are well-served by the existing payment ecosystem, so we believe there is no need for the Bank of Canada to issue its own digital currency at this time. But the world can change very quickly, so we need to get ready in case one is needed... The Bank of Canada can imagine scenarios in which we would consider issuing a CBDC so we can continue to provide Canadians with trustworthy methods of...

Kiffmeister's Fintech Daily Digest 02/24/2020

Comment0 Feb 25 2020 00:02 keyboard_arrow_downkeyboard_arrow_up Comment0 language

G-20 Urges Countries to Adopt Tough FATF Rules on CryptocurrenciesFollowing a summit in the Saudi-Arabian capital Riyadh over the weekend, representatives from G-20 financial institutions pressed countries that have not done so already to align themselves with global cryptocurrency standards from the intergovernmental organization, the Financial Action Task Force (FATF).. The Modern Consensus 100 Most Influential People in Crypto 2020The individuals moving, shaking, and shaping...

Kiffmeister's Fintech Daily Digest 02/23/2020

Comment0 Feb 24 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Blockchain, digital currency and cryptocurrency: Moving into the mainstream? JP Morgan published its annual update on the latest developments in the adoption, evolution and performance of blockchain technology and cryptocurrencies. It expands on last year's report to include analysis of stablecoins and the rise of alternative noncash payments. tags: Fintech CryptoAssets Blockchain Stablecoins PaymentSystems...

Kiffmeister's Financial Plumbing Weekly Digest

Comment0 Feb 24 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Bank of Canada to take over calculation of reference rateThe Bank of Canada will take over producing a key reference rate from the private firm that currently does so from June 15 onwards. The Canadian overnight repo rate average, or Corra, has been published since 1997 and is currently administered by UK-based financial markets firm Refinitiv. Corra is a measure of the average cost of Canadian dollar overnight collateralised funding.tags: Plumbing LIBOR Canada...

Kiffmeister's Alternative Risk Transfer Weekly Digest

Comment0 Feb 24 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Prudential executes $6bn in longevity reinsurance for Rothesay LifePrudential said that it has executed another $6 billion of longevity reinsurance transactions with UK pension risk transfer specialist life insurer Rothesay Life, in two transactions that are the seventh and eighth between the pair.tags: ART Longevity Pensions Co-op pension scheme insures more liabilities as PIC deal disclosed The Co-operative’s Pace pension scheme has struck a £1bn (€1.2bn) pension...

Kiffmeister's Fintech Daily Digest 02/22/2020

Comment0 Feb 24 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

The U.S. House Subcommittee on National Security to Discuss Digital CurrencyMarch 24 at 2:00 PM – The U.S. House Committee on Financial Services Subcommittee on National Security, International Development, and Monetary Policy will convene for a hearing entitled, “A Review of Domestic and International Approaches to Digital Currencies.”tags: Fintech CryptoAssets CBDC Here’s Why Interest Rates on Cryptocurrencies Could Be a Game-Changer Lending and borrowing...

Kiffmeister's Fintech Daily Digest 02/21/2020

Comment0 Feb 22 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Swedish central bank will test DLT-based digital currency prototype The Riksbank CBDC pilot project will focus on developing a test environment where simulated agents can safely use a CBDC. The project will test holding e-krona in a digital wallet, completing payments, and making deposits and withdrawals via a mobile app. Users should also be able to complete payments via both wearable devices such as smart watches, and more traditional means of payments including cards.tags:...

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