10 Jun 2021|Moody's Investors Service
Stablecoins, a type of digital currency, have broad potential within banking and finance, and for the overall economy, as a way to process payments, develop new products and bridge the gap between physical and digital currency. They also entail new risks that could undermine financial stability and monetary sovereignty if adopted at a significant scale without a strong regulatory and oversight framework.
09 Jun 2021|Moody's Investors Service
The G-7’s call for global coordination on central bank digital currencies and stablecoins risks creating a more direct relationship between citizens and public money that disintermediates payment companies and banks, a credit negative for those private sector entities. However, it also has the potential to generate public benefits through financial innovation, competition and inclusion.
19 May 2021|Moody's Investors Service
In the first of a new series on digital leaders, we consider the credit implications as Russia’s largest bank embarks on one of the banking world’s most ambitious digital transformations.
Podcast: Cybersecurity is strongest at larger financial institutions and those with good cyber communication
24 Mar 2021|Moody's Investors Service
With cyber risk on the rise, Lesley Ritter of the Cyber Risk team and Megan Fox, Michael Dion and Rokhaya Cisse of the Financial Institutions team discuss our survey and findings on banks’, insurers’ and asset managers’ preparedness for a cyberattack.
Cross Sector – China: Fintech regulations will have mixed credit impact for financial and nonfinancial sectors
01 Mar 2021|Moody's Investors Service
Regulations to rein in financial activities conducted by fintech companies will improve the competitive positions of large financial institutions but challenge smaller banks.
24 Feb 2021|Moody's Investors Service
Donald Robertson and Fadi Massih of the Securities and Exchanges team size up the implications that the recent social media-powered short squeeze has for US retail brokers, market makers, clearinghouses and exchanges (begins at 12:04). Plus, Swen Metzler spotlights German banks’ pressing need to rein in costs, and Alka Anbarasu tells us which Indian banks will win the race to go digital (begins at 3:01).
10 Feb 2021|Moody's Investors Service
The sophistication of the attack, which occurred through a breach of network management software, will trigger profound shifts around cybersecurity risk management and oversight practices for debt issuers. The attack will force a thorough evaluation of software vendors and increased spending to bolster cyber defenses.