{"id":13482,"date":"2019-08-19T21:17:29","date_gmt":"2019-08-19T21:17:29","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13482"},"modified":"2019-08-19T21:17:29","modified_gmt":"2019-08-19T21:17:29","slug":"bigtechs-threaten-financial-stability","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/bigtechs-threaten-financial-stability\/","title":{"rendered":"BigTechs threaten financial stability"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">According to Christine Lagarde, head of the International Monetary Fund (IMF), the entrance of BigTechs into the financial market could adversely affect overall financial stability. Ms. Lagarde specially mentioned concerns over confidentiality and the potential for such giants to eventually drive out competition. Instead, IMF is looking to help member countries take advantage of opportunities to quickly develop financial technology and manage inevitable risks in a responsible way. To this end, they published a 12-point policy agenda in collaboration with the World Bank.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13482 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='New platform makes financial products easier'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-platform-makes-financial-products-easier\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/new-platform-makes-financial-products-easier-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12919\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12919'>\n\t\t\t\tNew platform makes financial products easier\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Remote authentication potential consequences: a case study in Russia'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/remote-authentication-potential-consequences-a-case-study-in-russia\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/\u0411\u0435\u0437-\u043d\u0430\u0437\u0432\u0430\u043d\u0438\u044f-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3695\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3695'>\n\t\t\t\tRemote authentication potential consequences: a case study in Russia\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Digitization and Cashlessness: 2 Financial Market Inevitabilities'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/digitization-and-cashlessness-2-financial-market-inevitabilities\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/02\/9354e080-ec21-4353-a716-be827121d7351-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15755\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15755'>\n\t\t\t\tDigitization and Cashlessness: 2 Financial Market Inevitabilities\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>According to Christine Lagarde, head of the International Monetary Fund (IMF), the entrance of BigTechs into the financial market could adversely affect overall financial stability. Ms. Lagarde specially mentioned concerns over confidentiality and the potential for such giants to eventually drive out competition. Instead, IMF is looking to help member countries take advantage of opportunities &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[449,75],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13482"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13482"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13482\/revisions"}],"predecessor-version":[{"id":13483,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13482\/revisions\/13483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13498"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}