Financial Stability


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Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies

Members of the global financial stability body discussed areas that "warrant further attention" in the crypto sector during a meeting in Toronto last week.

Bloomberg Editor Stacy Marie Ishmael, Financial Stability Board Chair and Dutch Central Bank Governor Klaas Knot at the World Economic Forum's annual meeting in 2023. (Nikhilesh De/CoinDesk)

Politiche

Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil

The standard-setter called for crypto companies to adapt after the tumult and scandals of the past year.

International regulators at BIS want to make cross-border payments cheaper. (Yuichiro Chino/Getty Images)

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Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog Concerns

Risks from smart contracts, high leverage and crypto staking and lending may imply a need for new regulations, the European Systemic Risk Board said.

ESRB Chair Christine Lagarde (ECB/Flickr)

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TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse

Traditional finance players want new international rules to stop FTX-style conflicts of interest, but the crypto industry warns of crimping blockchain benefits

The Financial Stability Board is based in Basel, Switzerland. (carmengabriela/Getty Images)

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Crypto Echoes Risks of 2008 Financial Crisis, Says US CFTC Commissioner

Christy Goldsmith Romero says CFTC oversight would be an answer to potential financial stability risks brewing in the industry.

Commissioner Christy Goldsmith Romero (Jesse Hamilton/CoinDesk)

Video

Fed’s Michael Barr: Crypto ‘Unlikely' to Grow Into Money Substitutes

Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event, noting that crypto is "unlikely to grow into money substitutes and become a viable means to pay for transactions" due to the high volatility. Plus, he explains why stablecoins could post potential risks to financial stability.

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Global Crypto Standards Due Next Week Could Test Regulators’ Tech Mantra

Financial-stability norms to be set out next week could seek to extend financial regulations to the crypto world - or could seek to go in a whole new direction.

Influential standard-setter the FSB wants a global crypto rulebook (Yuichiro Chino/Getty Images)

Video

Unregulated Crypto Could Bring Risks to Financial Stability: FSOC

The Financial Stability Oversight Council warned that cryptocurrencies could pose risks to U.S. financial stability if they "were to grow without adherence to or being paired with appropriate regulation.” CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the report's findings.

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EU's ESMA Raises Alarm Bells Over Growing Crypto Use as It Prepares for New Powers

The European Securities and Markets Authority is worried about consumer rip-offs as well as novel risks like hacks and consensus manipulation

(Johner Images/Getty Images)

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IMF Says Crypto Sell-Off Won’t Hit Broader Financial Market

With the economic mood darkening, the Fund sees inflation and a recession as major risks – but not crypto market turbulence.

Kristalina Georgieva, directora del Fondo Monetario Internacional. (Clemens Bilan/Getty Images)

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