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The future of finance

· Agustín Carstens, General Manager of the Bank for International Settlements (International)

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, growth, investment and productivity

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· Agustín Carstens Wiki · Bank for International Settlements WikiThe future of finance

ContextVideo panel contribution on the future of finance; the BIS serves central banks worldwide and promotes safe innovation in the financial system.

Why it mattersThe BIS head argues that financial innovation needs an overall vision built on central bank money.

Problems raised
  1. Financial innovation lacks an overall vision.
  2. Initiatives do not fit together.
  3. New products could be used to evade sanctions.
Solutions proposed
  1. Define what the future financial system should look like.
  2. Build innovation on central bank foundations.
  3. Design products that respect sanctions.
Read full speech on bis.org ↗

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