This blog highlights the key trends shaping the region’s payment and financial landscape and discusses their implications for financial institutions, regulators, and consumers alike. Southeast Asia’s payment landscape is evolving at an unprecedented pace, driven by rapid technological advancements, regulatory developments, and shifting consumer behaviors. The pandemic-induced acceleration of digital transformation has further propelled the […]
Tag Archives: central banking
14
May
May
Introduction There is a fair degree of consensus that in order to prevent the worst climate damages, global net emissions of carbon dioxide need to fall by about 45 per cent from 2010 levels by 2030, reaching net zero around 2050. To curb the adverse effects of global warming, the Intergovernmental Panel on Climate Change […]
14
Dec
Dec
Future-ready central banks In the words of Christine Lagarde, ‘central banks must provide for stability in an age that is anything but stable’. Central bank leaders throughout the world are increasingly acknowledging that we are now living in the age of disruption and that one of our key priority areas must be ensuring our future […]
Financial Stability, Supervision
To Bail-In or not To Bail-In: A Question for Asian Financial Policymakers
16
Aug
Aug
The Great Financial Crisis (GFC), which began in 2007 and whose effects persisted for a decade, spurred a cavalcade of major worldwide regulatory, supervisory, and resolution reforms for the banking sector and the broader financial sector. In particular, the massive costs incurred by resolution and deposit insurance authorities (and ultimately, taxpayers) to clean up failed […]
07
Dec
Dec
In 2020, one of the interesting topics being discussed in parallel to central bank digital currency (CBDC) is programmable money (PM). Like CBDC, programmable money does not appear to have a clear definition. In this post we will discuss our understanding of programmable money, its potential usefulness and possible obstacles to future use. What is […]
15
Jul
Jul
This year’s SEACEN Centre Policy Summit in Kuala Lumpur in mid-June was on the very salient topic of “Central Bank Leadership in Combating Cyber Risk.”
01
Jul
Jul
Once policy-makers accept climate change as a prudential risk, several options are open to them, from
climate-related stress testing to promoting low-carbon financing.
06
May
May
While Auer argued that second-layer solutions such a “Lightning Network” can improve the economics of payment security he noted some concerns.