Lower interest rates aren’t a panacea for fintechs

Perhaps the most widely desired news coming from the world of monetary policy is the continued lowering of interest rates around the world, especially in the wake of the coronavirus outbreak.  As seen just this week, the stock market reached its … Continue Reading

SIEL/JIEL/OUP Deadline for Best Essay in International Economic Law Fast Approaching

For academics reviewing this blog, please share with your students that the deadline for the 2019-2020 Essay Prize is fast approaching. Applicants should get their papers in by 14 February 2020 – please click here for the submission form and … Continue Reading

Brexit’s Lessons…for Libra?

The big international news of the month will be–alongside of course the impeachment hearings here in Washington–the formal departure of the United Kingdom from the European Union at the end of the month.   What this means for global economics, much … Continue Reading

Folks (on twitter) seem to thing digital currencies are where the action is in Fintech

On my twitter feed, I decided to do a bit of year end fun by asking folks which of four key developments: whether they be in open banking, AI/machine learning, digital currencies or quantum computing/big data, would prove to have … Continue Reading

Regulators and lawmakers actually do have different jobs

It was quite interesting listening to the venerable Maxine Waters, Chairwoman of the House Financial Services Committee talk fintech on Fintech Beat–and the conversation got me thinking about how legislators make decisions as compared to regulators. And how those subtle … Continue Reading

The Libra White Paper Is Undergoing Changes….

…and the results are available in a document comparing the June and November versions here.  You’ll notice, above all, a change in the project’s dividend policy.  And, as I talk about in a new op-ed, the Libra website has removed tabs … Continue Reading

BIS Issues New Open-Banking Report

The (now traditional!) end of the year push for new guidelines continues:  On 19 November 2019, the Basel Committee on Banking Supervision released a cutting edge report on open banking and application programming interfaces (APIs). In the report, available on … Continue Reading

Thinking about the Future of Money

The Institute of International Finance’s recent panel on the Future of Money is now out, and I really enjoyed the back and forth, especially hearing folks on the front line discussed what they see and hear everyday about the evolution … Continue Reading

Another One in the Books

From Georgetown Law to Capitol Hill and “The Showroom”–and from the International Spy Museum to rooftop views of the Washington Monument–Washington’s Fintech Week is a wrap!  Thanks to all the many people who came through to support the initiative, it … Continue Reading

The Libra Association Sinks…Right Before Congressional Hearings

The fintech news of the week was, of course the departure of the major payment processors including Visa, Mastercard and Stripe from Facebook’s Libra project.  The news followed on the high profile departure of PayPal from the venture the week … Continue Reading