Fed Governor Offers thoughts on Stablecoins at European Central Bank

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Fed Governor Offers thoughts on Stablecoins at European Central Bank

Stable Coin word cloud including terms like money, finance, etc.

Ms Lael Brainard, Member of the Board of Governors of the Federal Reserve System, offered her thoughts on stable coins on the Monetary Policy, Technology, and Globalisation Panel, at an ECB colloquium on December 18, 2019.  Among her observations:  “Without requisite safeguards, stablecoin networks at global scale may put consumers at risk.”  The full speech can be found here.

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US, China reach partial agreement on trade

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

US, China reach partial agreement on trade

 

Image of three financial leaders standing in front of Chinese and American flags
Photo: Johannes Eisele/Agence France-Presse/Getty Images

President Trump has agreed to a limited trade agreement with Beijing that will roll back existing tariff rates on Chinese goods and cancel new levies set to take effect Sunday as part of a deal to boost Chinese purchases of U.S. farm goods and obtain other concessions.  (WSJ story is here).

Former USTR Mike Froman, has, however, offered some criticism, characterizing it as a purchase and sale agreement failing to address America’s substantive concerns with China’s trade practices.

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Basel Committee Tackles Open Banking

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Basel Committee Tackles Open Banking

Covered of Report on open banking and application programming interfaces by Basel Committee on Banking Supervision

On 19 November 2019, the Basel Committee on Banking Supervision (Basel Committee) released a cutting edge report on open banking and application programming interfaces (APIs). In the report, the international standard-setting body focuses on aspects of open banking related to customer-permissioned data sharing where the customer initially grants permission to a third party to access their data, either directly, or through the customer’s bank.  You can find the report here.

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