Central Bank of Namibia to Explore CBDC Issuance
According to its 2022-24 Strategic Plan, the Bank of Namibia will be assessing the viability of central bank digital currency (CBDC). This is part of the central bank’s plan to automate, modernize and facilitate efficiency utilizing technology. The Bank will also set up an innovation hub to provide a conducive environment for the incubation of new fintech concepts without stifling start-ups and innovators, but doing so in a regulatorily responsible manner. [Read more]
Suptech tools for prudential supervision and their use during the pandemic
The Bank for International Settlements Financial Stability Institute published a paper that takes stock of 71 suptech tools used for prudential supervision in 20 jurisdictions and explores the benefits, risks and implementation challenges. It found that more than half of the tools assess mainly qualitative data, underscoring the importance of analyzing textual information in prudential supervision. The remaining tools are split between those that analyze mainly quantitative data and others that scrutinize both quantitative and qualitative data. Despite these variations, all tools aim to extract deeper supervisory insights or to improve supervisory efficiency. [Read more]
Upcoming Virtual Conferences at Which I’m Speaking:
ITU DC³ Conference: From cryptocurrencies to CBDCs
The January 25-27 DC³ Conference: From cryptocurrencies to CBDC, will highlight the work of the Digital Currency Global Initiative with a spotlight on emerging trends, innovations and initiatives shaping the future of digital currencies. The conference is organized jointly by the International Telecommunication Union (ITU) and the Stanford University Future of Digital Currency Initiative (FDCI). [The program is available here, and click here to register (it’s free).]
