FROM THE MEDIA Finextra: BIS builds out blueprint for a future financial system A novel type of financial infrastructure combining tokenized money and assets on a programmable platform could radically alter the global financial system, argues a new report from the Bank for International Settlements (BIS). As reported by Finextra, examples of possible innovations include new methods for securities settlements, tokenized deposits with built-in regulatory checks, and enhanced sharing of data on potential borrowers. Read more Bloomberg: BNP Paribas Chairman on riots, inflation, banking BNP Paribas Chairman Jean Lemierre says riots won’t have an impact on France’s competitiveness and attractiveness as a financial center. In an exclusive interview with Bloomberg, he also says the fight against inflation will create a slowdown but BNP Paribas is ready for the rebound. Read more FT: Financial models on climate risk ‘implausible’, say actuaries Financial institutions often did not understand the models they were using to predict the economic cost of climate change and were underestimating the risks of temperature rises, research led by a professional body of actuaries shows. Many of the results emerging from the models were “implausible,” the Financial Times (FT) reports. Read more |
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