World's central banks tackle technology with innovation hub

United States News News

World's central banks tackle technology with innovation hub
United States Latest News,United States Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Central banks grappling with fast-changing financial technology and companies li...

) moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements.

Facebook’s plan to expand into payments and launch its own Libra cryptocurrency were not mentioned in the BIS statement, but the social media giant’s move has helped crystallize opinion among central bankers on the urgency of coordinating regulatory responses to financial technology trends. Basel-based BIS, a central bank umbrella group, has already called on politicians to closely scrutinize Big Tech’s incursion into finance, a move that raises questions about data privacy, competition, markets and banking.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Ridiculously Long Playlist of Songs Featured in The Real World: San FranciscoA Ridiculously Long Playlist of Songs Featured in The Real World: San FranciscoThe second part of our look back at The Real World: San Francisco to commemorate its 25th anniversary is a mega playlist of many of the songs played during the season. I say many, not all, because it was simply impossible to capture and identify each one. Often brief instrumental snatches of songs that may or may not have been MTV staples back when the show aired in 1994 would play under dialogue. And then another would play, and then another. Within its first four minutes, the 19th episode of the season featured selections as wide ranging as General Public’s cover of “I’ll Take You There,” Dr. John’s traditionalist R&B “Television,” the heavy metal of Pantera’s “Planet Caravan,” and Tracy Chapman’s coffee-house activism in “Bang Bang Bang.” And there were still some 16 minutes left in the show.
Read more »

The European steel industry is being clobberedThe European steel industry is being clobberedBut an Austrian firm shows that it is possible to make money making steel—even in Europe
Read more »

US beats France to reach Women's World Cup semifinalsUS beats France to reach Women's World Cup semifinalsCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Read more »

https://www.shape.comhttps://www.shape.comThe trainer's challenge, Step With Jillian, will raise funds to help refugees around the world.
Read more »

Céline Dion Brings the Asymmetrical Denim Trend Into the Real WorldCéline Dion Brings the Asymmetrical Denim Trend Into the Real WorldEn route to Cité du Cinéma, celinedion stepped out in asymmetrical jeans from Kiev-based label Ksenia Schnaider.
Read more »



Render Time: 2025-03-20 00:00:06