Future of Finance

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How VP Bank is tokenising collectibles for clients of its private banking services

How VP Bank is tokenising collectibles for clients of its private banking services Liechtenstein is one financial jurisdiction which has embraced the blockchain enthusiastically. It has since January 2020 had in place comprehensive legislation covering all aspects of tokenisation in the shape of the Token and Trustworthy Technologies Service Provider Act (TVTG). The Act is,Continue reading “How VP Bank is tokenising collectibles for clients of its private banking services”

KYC, AML, CFT and sanctions screening checks are a bad answer to a real problem

KYC, AML, CFT and sanctions screening checks are a bad answer to a real problem Many business decisions are baffling. But on the face of it none is as bewildering as the decision by banks, asset managers, wealth managers, private banks, insurance companies and FinTechs to spend hundreds of billions of dollars a year onContinue reading “KYC, AML, CFT and sanctions screening checks are a bad answer to a real problem”

It’s time to start thinking about CBDCs as an intelligent form of QE

It’s time to start thinking about CBDCs as an intelligent form of QE No one central bank digital currency (CBDC) is ever quite the same as another. But so far every CBDC project has focused largely on the technicalities of making payments – by or to unbanked consumers or businesses, or between counterparties across nationalContinue reading “It’s time to start thinking about CBDCs as an intelligent form of QE”

Are central banks thinking radically enough about CBDCs?

A summary of the webinar of May 18 2022 entitled Are central banks thinking radically enough about CBDCs? CBDCS are widely expected to be the key to unlocking the potential of tokenisation as a technique for transforming payments and securities issuance, trading, servicing and safekeeping, and for bringing a host of new asset classes –Continue reading “Are central banks thinking radically enough about CBDCs?”

CBDCs are poised to administer the coup de grace to the payments business of the banks (22 June 2022)

A Future of Finance webinar with payments professionals, banks, payments infrastructure, regulators and technology companies Wednesday June 22 at 2pm UK time Cross-border payments are, in the now familiar mantra of the G20, slow, expensive, opaque and inaccessible. This matters because, despite a slowdown in the rate of growth of world trade, cross-border payments areContinue reading “CBDCs are poised to administer the coup de grace to the payments business of the banks (22 June 2022)”

Are central banks thinking radically enough about CBDCs? (18 May 2022)

May 18 at 2pm UK time “We have yet to hear a convincing case for why the UK needs a retail Central Bank Digital Currency (CBDC),” concluded a report of January 2022 from the Economic Affairs Committee of the House of Lords. “While a CBDC may provide some advantages, it could present significant challenges forContinue reading “Are central banks thinking radically enough about CBDCs? (18 May 2022)”

The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin

A summary of the webinar of 23 November 2021 entitled The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin. Interest in CBDCs at central banks is almost universal, but the spectrum of stages of development is wide. The most advanced jurisdictions are, with the exception of China,Continue reading “The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin”

The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin (23 November 2021)

A Future of Finance Webinar with Central Banks, Banks, Payment Organisations, Regulators and Technology Companies Tuesday November 23 2021, 14.00 – 15.00 UK time Perhaps one jurisdiction and a half have actually launched a Central Bank Digital Currency (CBDC). But the second largest economy in the world (China) is now promising to turn its pilotContinue reading “The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin (23 November 2021)”

CBDCs Summary ‘The message from CBDCs to payments banks is innovate or die’

THE SUMMARY,  HIGHLIGHTS AND FULL VIDEO (AT BOTTOM OF PAGE) OF THE CBDCS DISCUSSION JULY 21 1. Is a two-tier system, in which central banks provide the infrastructure and commercial banks provide the customer-facing services a settled model for building a CBDC?  In an article on CBDCs in its 2021 annual report the Bank forContinue reading “CBDCs Summary ‘The message from CBDCs to payments banks is innovate or die’”