Money laundering goes viral
Curated links for March 11, 2020:
Insights and Stories:
Moats and ESG risks: An interesting discussion by Morningstar around ESG risks and the value of economic moats. The statement that management does not create economic moats but can destroy them begs the question, who does create the moats then?
Corona funding constipation: Mark Shuster provides an excellent deck around VC funding in the current environment, the risks and potential actions. Some great perspective here.
Laundering cash: Those wondering how fast a society can go cashless will get a look with the Coronavirus. Many nations are pulling cash from circulation and either washing or destroying it. The problem will be for the poor who depend on cash and whose health is also often vulnerable.
Digital Assets are coming: The number of applications for digital assets is vast and steadily expanding, yet few people truly understand how this exciting and innovative technology will impact their lives. Here are three areas where digital assets will make a direct noticeable change to people’s lives and our financial system.
Ghengis cashmere: Mongolian cashmere has a problem, or several. It’s gathered by the Chinese and sold blended with other cashmere so it receives no premium. Which sounds a lot like the coffee market. But the question is, how is it that a small group of nomadic people can overgraze the entire nation of Mongolia?
Regulation:
Unstable coins and financial crime: Therese Chambers (Director of Retail and Regulatory Investigations, FCA) speech at The Advancement of Digital Assets and Addressing Financial Crime Risk, New York University School of Law
Ozzy rails: The Royal Bank of Australia is gearing up for Libra and it’s proposal to become a new payment rail. While they already have a solution called the NPP, it may prove uncompetitive compared to new stablecoin offerings being developed across the world.
Korea heart crypto: South Korea Passes One of the World’s First Comprehensive Crypto Laws.
Research and Reports:
Post Covid-19 recovery planning: 12 lessons how Chinese enterprises are implementing recovery plans and their impact.
FCA Publishes TechSprint Report: An in depth look at how one regulatory organization is approaching a sand-box initiative. The marketable results however, appear to be underwhelming.
European fintech lending industry to hit USD 9.6 billion in 2020 Peer to peer lending is a strong, growing market in Europe.
Nesta The Future of Minds and Machines: An interesting commentary on the future of AI. The good news for Canada is that it has leaders in this space in Eastern Canada, and another leading edge group hidden away in Edmonton.
Featured industry partner of the week:
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