Category: Financial Services

Crypto’s Wild Ride

L2inc, Scott Gallow and David Yermack | Mar. 29, 2017
L2inc’s Scott Galloway discusses the future of alt-coins and the volatility of the market with NYU Stern finance professor David Yermack.

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A Closer Look at Central Bank Digital Currencies

BIS Committees on Payments and Market Infrastructure | Mar. 2018
Central banks must carefully weigh the implications for financial stability and monetary policy of issuing digital currencies, according to a report from the Bank of International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the Markets Committee. The report considers a wholesale CBDC (for use in financial markets), and a general purpose CBDC (for use by the general public) and their implications for payments, monetary policy and financial stability. Wholesale CBDCs might be useful for payments but more work is needed to assess the full potential, concludes the report. Although a CBDC would not alter the basic mechanics of monetary policy implementation, its transmission could be affected. A general purpose CBDC could have wide-ranging implications for banks and the financial system. The report concludes that each jurisdiction considering the launch of a CBDC should carefully and thoroughly consider the implications before making any decision.

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Time for a New Inflection Point

IBM Think 2018, Ginni Rometty | Mar. 20, 2018
Business and technology are reaching an inflection point triggered by the convergence of data and artificial intelligence, according to IBM CEO Giinni Rometty. “Something happens when both Business and Technology architectures change at the same time,” said Rometty. “You look back in time that is about every 25 years and it has the potential to change everything. And so what that means everybody in here runs a business. It’s a business that can learn exponentially and if you learn exponentially you become the disrupter versus be disrupted.”

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