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Low trust impedes digital currency plans, Tackling climate change: The role of banking regulation and supervision
Thursday 20 February 2020 Vol.11 Ed.8.3
Commentary: Low trust impedes digital currency plans
Negative interest rates and Europe’s faltering dream
By John Orchard in London
Lurking in the detail of this month’s OMFIF poll on the trustworthiness of potential digital currency providers is an important headache for European policy-makers. In the three euro area countries (out of 13 worldwide) surveyed we found, perhaps unsurprisingly, pronounced net distrust among ordinary citizens in technology firms as cyber money issuers. But we also unearthed in these countries marginal distrust in central banks possibly carrying out such functions.
Read the full commentary on the website.
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Report: Tackling climate change – The role of banking regulation and supervision
Central banks plan radical regulatory changes to tackle the climate crisis. Mazars, the international audit and advisory firm, and OMFIF, the independent think tank for central banking, economic policy and public investment, reveal how central banks and regulators are responding to the climate crisis. The report, based on research and surveys with 33 central banks and regulatory authorities, finds that 70% of respondents consider climate change a ‘major threat’ to financial stability. Just over half of central banks (55%) say they are monitoring climate risks.
Read the full report on the website.
