The World Federation of Exchanges’ Post

On today, 20 June: Global Trade Review (GTR) UK London. MonetaGo COO, Oswald Kuyler, will be in attendance alongside industry leaders and experts from UK Finance, ICC United Kingdom, Conpend, Swift, Allianz Trade and J.P. Morgan. See more about the event via the link in comments, and contact us to arrange to meet to learn more about the Secure Financing fraud system, or the latest news and innovation from MonetaGo. #globaltrade #tradefinance #creditinsurance #fraudprevention

https://lnkd.in/esTT8pNC "The UK financial watchdog has hailed how specialist trading companies have transformed Wall Street markets and pledged to ease access for such firms in London by tailoring regulation for them to boost liquidity. Nikhil Rathi, chief executive of the Financial Conduct Authority, said smaller trading firms, such as market makers, were “too often” restricted by capital rules that were designed for large global banks..."(Very interesting article. Please refer to the above link to the FT for the whole article)

Fascinating discussion on the state of US financial markets and institutions at the Milken Institute Global Conference, with Josh Frost, Jelena McWilliams, Mark Uyeda, and moderator, Mike Piwowar. Last year's event focused on major bank failures, so naturally, Mike started by asking about the health of the system. My thoughts: US banks are the strongest, most-sophisticated banks in the world. Failures are inevitable, and healthy, in a market system. But strong banks need modern regulations — it’s time for a 21st-century approach. Watch the full discussion. #MIGlobal  https://lnkd.in/e6Rf9n5C

Our Regional Consultative Group for Europe met in Dublin last week. We discussed recent developments in financial markets, including risks arising from commercial real estate markets. We also discussed progress implementing the FSB’s global regulatory framework for crypto-asset activities. Ahead of the meeting, we held a seminar to discuss the use of artificial intelligence in finance and implications for financial stability. Thank you Central Bank of Ireland for hosting us. Read more here: https://lnkd.in/dpxubChh #FinancialStability #CommercialRealEstate #CRE #Cryptoassets #ArtificialIntelligence

Great insights on the possibilities of the monetary system and also the risks using 'new' and advanced technology. #blockchain #smartcontracts #wCBDC #rCBDC

Read the full article here: https://bit.ly/3ZvLP9R The push for a consolidated tape (CT) for the UK and Europe is accelerating, as banks, asset managers and European exchanges work to come up with a winning solution to aggregate trade information from all trading venues.

"From a Swiss perspective, the risks of retail CBDC currently outweigh its potential benefits." That's one of the strong statements from Thomas Jordan, Chairman of the Governing Board at SNB, in his introductory remarks to the wholesale CBDC pilot presentation. This was a great panel and insightful discussion with development of concepts like singleness of money, atomic settlement, DLT and tokenisation supported by SIX Digital Exchange (SDX). But more importantly and beyond technology, governance and Central Banks would have a key role in such initiatives. Wholesale CBDC would allow to catch the low hanging fruits in existing monetary system versus more speculative projects as one of the panelist mentioned... So SNB is taking a pragmatic approach and radically different from the ECB pushing its Digital Euro as a retail CBDC. Ultimately it's the responsibility of the Central Banks to preserve trust in money and ensure that the welfare of those changes will benefit to the end users. #cbdc #payments #snb #six #sdx

As was pointed out at today's general meeting, the SNB is invested in fracking. New investments in fossil fuel infrastructure are not in line with the Paris agreement. To have a future monetary system, or any future systems as we know them at all, be they ecological, societal, or economic, the first step must be to disinvest from fossil fuel infrastructure and instead invest into a fossil-free future. I therefore call on the SNB to - after having decided not to invest in coal anymore - go further and show the strong leadership required to reach net zero by 2050 by initiating the process of completely exiting fossil fuels now.

There can be no stable long-term prices in a world in which the costs of climate change are rising and will continue to rise. It is the role of central banks, and the SNB in particular, to manage its monetary policy to stabilise prices without investing in assets that support polluting activities. This is perfectly possible!

Curious about where money laundering thrives the most? 🕵️♂️ Based on the Basel Institute of Governance score, we've pinpointed the top 10. 🌍 Scroll to discover these countries. ➡️ Want the full story? 📖 Learn about the major money laundering countries by visiting our blog. 👇🏼 https://lnkd.in/eJbJZvm