FROM THE MEDIA Bloomberg: Why EU climate weapon is in the financial fine print The fight against climate change involves more than wind turbines and electric sports cars. A less obvious but potentially potent tool is the fine print of financial regulations. The European Union is embedding environmental goals in standards for banks, money managers, insurers and member states’ public spending plans, in the hope of directing trillions of euros to fund a radical revision of the region’s economy, Bloomberg reports. Skeptics warn that some of the rules are veering too far from initial scientific proposals and could allow for “greenwashing.” There are also still fights ahead over whether natural gas and nuclear power can get green labels. Read more Cointelegraph: Decentralization is the final frontier for CBDCs As central bank digital currencies, or CBDCs, continue to garner mainstream traction across the global financial landscape in recent years, almost all central banks are actively researching the benefits and risks of offering a digital currency to the public. According to Cointelegraph, in its most basic sense, a CBDC is a digital form of fiat money, backed by a suitable amount of monetary reserves like gold or foreign currency reserves. Read more The Banker: Banking apps may pose underlying cyber risks Some 88% of banking apps possess at least one vulnerability that could be exploited, according to a study by the software company Synopsys, The Banker reports. Read more (€) |
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