The US Securities and Exchange Commission has – after more than five years of spirited resistance – approved applications for spot bitcoin exchange-traded products. The SEC’s statement on the matter is not exactly gracious. Gary Gensler, chair of the SEC, highlighted that the substance of the approved applications is similar to those the SEC has disapproved in the past.
Financial fragility among emerging economies these days is mostly found among the poorest, notably across sub-Saharan Africa. Türkiye and Argentina, two relatively wealthy developing countries, have bucked this trend.
Europe’s banks and asset managers must seize an opportunity to close the ‘competitiveness gap’ with the US and the rest of the world, a report commissioned by Luxembourg for Finance and published by OMFIF urges.
A new report by OMFIF’s Digital Monetary Institute and Giesecke+Devrient discusses the real-economy impact of an effective CBDC ecosystem, as well as the practical challenges faced by the public and private sectors in building it.
The International Monetary Fund’s Ukraine team joins OMFIF to assess the critical role played by the Fund’s programme and foreign financing for Ukraine, as well as Ukraine’s progress on combatting corruption and strengthening the domestic financial system. Listen →
This report analyses the competitiveness of financial markets in Europe, the US and Asia. It reveals in stark terms the decline of European financial services firms on a global scale since the financial crisis of 2008.
