Technology-enabled innovation is transforming the financial services. There are two major categories actors that perform activities that are traditionally performed by the banks through better implementation of technology: Fintechs are independent non-bank institutions, Techfins are big global technology companies. The emergence of Techfins as data intermediaries expanding into the financial … Read more
Micro, Small and Medium Enterprises (MSMEs) are an integral cog of the growth engine of different global economies. In India in 2018, MSMEs employed 40% of the workforce, contributed 37% of GDP and 43% of exports. [1] In spite of exclusive legislations and policies, lack of access to formal credit … Read more
Monetary policies are confronted by short and long term challenges. In the short term, “normalization” of money creation and interest rates, following years of unorthodox policies, puts financial stability at risk in major monetary centres and in EMEs. Longer term challenges extend over the theoretical framework of monetary policies and … Read more
Education learning outcomes in low and middle-income countries are still insufficient and unequally distributed. Several factors are behind this situation, many of which relate to education funding: low absolute expenditure per student; increasing gaps in spending levels between developed and developing countries; unequal distribution of key education inputs; inefficient use … Read more
The shrinking middle class and the widening gap between the rich and the poor pose serious threats to social and financial stability, and indeed the G20 leaders have committed to “help to reduce inequality and poverty.”[1] A major impediment to upward mobility is the inability of the poor to use … Read more
Excessive corporate risk-taking by systemically important financial institutions (SIFIs) is widely seen as one of the primary causes of the global financial crisis. In response, an array of international reforms, under the auspices of the G20’s standard-setting bodies, has been adopted to try to curb that risk-taking. However, these reforms … Read more
The cross-border flow of payments, remittances, aid and investments is integral for globalisation. Ensuring transparency in such cross-border financial transactions is critical for the stability of the global financial system. A key goal for policy-makers has been the necessity to identify beneficial ownership in multi-country financial transactions to protect against … Read more
You are currently viewing a placeholder content from Youtube. To access the actual content, click the button below. Please note that doing so will share data with third-party providers. More Information Unblock content Accept required service and unblock content You are currently viewing a placeholder content from Youtube. To access … Read more
You are currently viewing a placeholder content from Youtube. To access the actual content, click the button below. Please note that doing so will share data with third-party providers. More Information Unblock content Accept required service and unblock content The G20 Finance Ministers and Central Bank Governors have highlighted that … Read more
In response to the financial crisis of 2007/2008, policymakers implemented comprehensive changes concerning the regulation and supervision of banks. Many of those changes, including Basel III or the directives pertaining to the Single Rulebook in the European Union (EU), are agreed upon at the supranational level, which constitutes a key … Read more
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