All about economy and finance
Central bank digital currencies (CBDC) are becoming more common and attracting more attention. The emergence and increased use of digital currencies, with declining use of physical cash in some parts of the world, presents new opportunities and risks for central banks.
Central Bank Digital Currencies-2 Read More
BIS has recently published a new report to the G20 about options for access to and interoperability of CBDCs for cross-border payments. The report presents different options for access to and interoperability of CBDC systems to facilitate cross-border payments. It assesses these options based on five criteria: do no harm, enhancing efficiency, increasing resilience, assuring coexistence and interoperability with non-CBDC systems, and enhancing financial inclusion.
BIS Report: Options for Access to and Interoperability of CBDCs for Cross-border Payments Read More
Operational risk, in its broadest definition; the risks that cannot be associated with directly measurable risks such as credit, market and currency risks. By the Basel Committee, operational risk is perceived as a risk inherent in all banking products, services and transactions.
Operational Risk: Basel & CRD Read More
In recent history, economic crises have been experienced many times mostly affecting banking sector. Understanding the importance of the banking sector in the general economy, the Basel Committee on Banking Supervision of the Bank for International Settlements was established to protect banks against crises.
Banking Regulations: Basel III & CRD IV Read More