Malfunctioning stablecoins could hit financial stability – ECB paper

Malfunctioning stablecoins could hit financial stability – ECB paper If a stablecoin, such as Libra, reaches a global scale, any malfunctioning could pose a risk to financial stability, warns a European Central Bank paper. Global Financial Stability Report Chapter 2: The Crypto Ecosystem and Financial Stability Challenges What challenges does Continue Reading

N26 and Monese growth announcements bolster fintech strength in 2020

N26 and Monese growth announcements bolster fintech strength in 2020 Ballooning customer bases and strong valuations are set to solidify confidence in fintech during 2020. Wells Fargo’s Mike Mayo on Banking Jobs, Earnings, Fintech Oct.07 — Mike Mayo, head of U.S. large-cap bank research at Wells Fargo Securities, discusses how Continue Reading

Libra Association names Credit Suisse exec Daines chief compliance officer

Libra Association names Credit Suisse exec Daines chief compliance officer As it looks to get regulators onside, the Libra Association has brought in Credit Suisse's head of financial crime compliance, Sterling Daines, as chief compliance officer. Credit Suisse ends torrid year with $2.2 billion loss Credit Suisse capped a scandal-ridden Continue Reading