Michael Wiegand, Director of Financial Services for the Poor at Bill & Melinda Gates Foundation, delivered a keynote speech on the subject of “Democratising Knowledge: The Great Equaliser in a Digital Future.”
MyFintechWeek, the flagship Malaysian fintech event, kicked off this Monday, with digital banking, cross border payments, and sustainability the main areas of focus this year. The second day of the virtual conference started with the keynote speech of Tobias Adrian, Financial Counsellor and Director at the Monetary and Capital Markets Department of the International Monetary Fund.
‘CryptoDad’ was discussed in an interview between Scott O’Mallia, Chief Executive Officer of the International Swaps & Derivatives Association (ISDA) and J. Christopher Giancarlo, Senior Counsel, Wilkie Farr & Gallagher LLP and former Commodity Futures Trade Commission (CFTC) Chairman. The conference forms part of the ISDA Regional Events program.
European Central Bank (ECB) president Christine Lagarde, US Federal Reserve chair Jerome Powell, Bank of England governor Andrew Bailey and Bank of Japan governor Haruhiko Kuroda came together (virtually) on 29 September to answer these questions in an hour-long discussion on global economic prospects entitled ‘Beyond the pandemic: the future of monetary policy’ during the ECB Forum on Central Banking.
There are real fears that these added costs may be passed onto consumers before long. But central banks all seem incredibly reluctant to raise interest rates. This decision is hitting both consumers and savers hard.
Although, for the moment, central banks are largely keeping their cool, appearing confident the spectre of lingering inflation will disappear, there are increasing signs of nervousness among investors, especially as readings in other countries also show price spikes.
In the United Kingdom, there appears to be strong political momentum behind a digital pound: earlier this year, Chancellor of the Exchequer Rishi Sunak announced that the Bank of England was to look at developing a central bank-backed digital currency - “Britcoin.”
The BIS Innovation Hub’s geographic footprint is growing to include centres in London, Toronto, Stockholm, Paris and Frankfurt, as well as a strategic partnership with the Federal Reserve Bank of New York.
EQV's Sphera has been classified as a Digital Twin of an Organization type of product. The Digital Twin of an Organization is the capability of a system to be able to replicate all the processes of an organization.
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