Topic: Financial Stability Board
IMF says banning crypto should not be ‘off the table’
The managing director of the International Monetary Fund, Kristalina Georgieva, has called for a strong regulatory push tackling crypto assets and failing that even considering a ban.
Correspondent relationships falling as banks shun risk
Banks that are concerned about falling afoul of anti-money laundering regulations cut their correspondent relationships by 6 percent worldwide between 2011 and 2016. The number of active correspondent banks for U.S. dollar and euro transfers fell even further, by 15 percent.
