FSB to tackle technological innovation under Japanese G20 presidency
Crypto assets, tech firms and cyber risks all on the agenda, says Randal Quarles
The Financial Stability Board is weighing up the impact of technological innovation on the financial sector, a key goal of the Japanese G20 presidency, FSB chair Randal Quarles said today (April 9).
In an update letter to the G20, Quarles writes that technology has the potential “to change significantly the structure and functioning of the global financial system”.
The FSB has already done some work in this area, for instance on crypto assets and the entry of big tech firms into financial
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