Entries for 'Digital Finance'

In this episode of FRT, Tommaso Mancini-Griffoli, Division Chief in the Monetary and Capital Markets Department, and Gabriel Soderberg, Financial Sector Expert, of the International Monetary Fund (IMF) discuss Central Bank Digital Currency (CBDC), including design choices and interoperability, risks and opportunities in implementation, and how the IMF is working with countries as they explore CBDCs.

International rules of the road for the digital economy continue to be elusive while national restrictions on the flow of data proliferate. This paper presents a framework to inform debate and drive progress towards better solutions.

The latest session of the IIF’s DataTalk focused on digital identity. This note provides a summary of the key themes that emerged, noting that t...

DeFi (Decentralized Finance) and blockchain technology are driving innovation in products and services including NFTs (Non Fungible Tokens), DAOs (Decentralized Autonomous Organizations), and DID (Decentralized Identifiers). They are also attracting regulatory scrutiny as the sector grows, risks become clearer, and these new kind of organizations struggle to comply with existing regulatory frameworks. Chris Brummer has considered this situation and sees opportunity to reimagine disclosure systems that are programable and leverage this new tech for modern compliance.

The IIF has made a formal submission to the International Organization of Securities Commissions (IOSCO) responding to IOSCO’s January 17, 2022, consultation report on measures to address the risks from the digitalization of retail marketing and distribution of financial services and products.

In this episode of FRT, Carole House, Director of Cybersecurity and Secure Digital Innovation at the White House National Security Council, and Christopher Giancarlo, former Chairman of the U.S. Commodities Futures Trading Commission and founder of the Digital Dollar Foundation, discuss the Biden Administration’s Executive Order on Ensuring Responsible Development of Digital Assets. They share observations regarding the comprehensiveness of the Order, the range of agencies involved, and developments in digital asset regulation globally.

The latest session of the IIF’s DataTalk focused on the potential of central bank digital currencies (CBDCs) for cross-border payments.

In this episode of FRT, Caroline Malcolm, Head of International Public Policy and Research for blockchain analytics firm Chainalysis, answers questions regarding cryptocurrency’s potential for use in sanctions evasion and humanitarian relief. Amid Russia’s invasion of Ukraine prompting rapid and unprecedented actions from the international community, Caroline provides in-depth explanations of how blockchain analytics tools trace transactions and expose trends in user behavior. We conclude that cryptocurrency, in this case, is not an effective tool for sanctions evasion at scale.

This Digital Finance briefing note explores the opportunities that cloud computing can unlock in the Latin America region (LatAm), and some of the challenges that will need to be addressed for that promise to be fulfilled.

In this episode of FRT, we hear from Greg Wolfond, Chair and CEO at the fintech SecureKey Technologies, Toronto; and Angus McFadyen, Partner at the law firm Pinsent Masons, London. Greg and Angus were among a team of experts and IIF members who developed and finalized the Principles for Digital Trust Networks as part of the Open Digital Trust Initiative of the IIF and the Open ID Foundation.

The Open Digital Trust Initiative of the IIF and the Open ID Foundation has finalized Principles for Digital Trust Networks, identifying at a high level the ‘rules of the road’ that Digital Trust Networks should adopt to incentivize a high level of digital trust, user centricity and low cost.

The latest session of the IIF’s DataTalk focused on a strategic framework for the digital economy. This note provides a summary of the key themes that emerged, noting that the conversation was conducted under the Chatham House Rule, and comments are unattributed.

In this episode of FRT, we hear from Andy Woolnough, Executive VP of Global Advocacy, and Sonja Kelly, Director of Research and Advocacy, from Women’s World Banking, discussing digital solutions for financial inclusion and innovation. Focused on enabling women’s financial stability and resilience, Women’s World Banking pursues research and programs that enable not only women’s financial goals, but ultimately support SMEs, reduce gender inequality gaps, and promote economic growth.

We start off a new year of podcasts with the IIF’s new Managing Director for Digital Finance, Jessica Renier. Jessica shares her views on developments in digital finance, how she came to focus on this work, and discusses some of the key issues that will drive debate in 2022.

The latest session of the IIF’s DataTalk focused on cloud adoption. This note provides a brief summary of the key themes that emerged, noting that the conversation was conducted under the Chatham House Rule, and comments are unattributed.

The IIF has made a submission to the Financial Stability Board in answer to its survey about data frameworks and their effect on cross-border payments.

The IIF has made a submission to the Committee on Payments and Market Infrastructures responding to its consultation report on real-time gross settlement (RTGS) system operating hours.