BigTech vs BigBang: Competition in Financial Services

By Janos Barberis, Founder and CEO of SuperCharger. The topic will be discussed at the panel FinTech, BigTech and Competition during the 2020 OECD Competition Open Day. On 18 June 2019, Facebook announced the launch of Libra, a decentralised digital currency, or stablecoin. Borderless, it has the ambition to be used by 2 billion people. … Continue reading BigTech vs BigBang: Competition in Financial Services

The Appropriate Financial Policy Toolkit in an Integrated World

Since the Global Financial Crisis, challenges related to capital flow management and financial stability have evolved, leading policymakers to broaden the policy toolkit available to deal with those challenges. In this context, the time was ripe for a review of the OECD Code of Liberalisation of Capital Movements, the only multilateral agreement covering the full capital account. The updated Code was adopted by OECD Ministers in May 2019 and launched at the G20 Finance meeting in Fukuoka. It is not only more flexible, to better deal with current financial stability requirements, but it also makes an important contribution to the global debate on the international financial architecture.

Leveraging fintech to enhance integrity in public finance

Within the context of the 2019 OECD Anti-Corruption & Integrity Forum, which will explore how governments, organisations, and citizens can leverage new technologies to foster trust and enhance transparency and accountability,  the New Development Bank is looking at fintech applications for promoting integrity in public finance. Blog by the New Development Bank's Chief of Compliance, Dr … Continue reading Leveraging fintech to enhance integrity in public finance