MoneyScience - News and Networking for Quants

March 2020

Kiffmeister's Fintech Daily Digest 03/16/2020

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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...

Kiffmeister's Alternative Risk Transfer Weekly Digest

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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...

Kiffmeister's Financial Plumbing Weekly Digest

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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...

Kiffmeister's Fintech Daily Digest 03/15/2020

Comment0 Mar 16 2020 12:02 keyboard_arrow_downkeyboard_arrow_up Comment0 language

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"....

Kiffmeister's Fintech Daily Digest 03/14/2020

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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...

Kiffmeister's Fintech Daily Digest 03/13/2020

Comment0 Mar 14 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

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...

Kiffmeister's Fintech Daily Digest 03/12/2020

Comment0 Mar 13 2020 12:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

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...

Kiffmeister's Fintech Daily Digest 03/11/2020

Comment0 Mar 12 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

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...

Kiffmeister's Fintech Daily Digest 03/10/2020

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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...

Kiffmeister's Fintech Daily Digest 03/09/2020

Comment0 Mar 10 2020 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

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...

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