Benoît Cœuré: “The absence of a Schumpeterian process of creative destruction weighs on innovation and growth”

December 3, 2019 @ 1:58 pm By JD Alois |

Benoît Cœuré, the outgoing European Central Bank Executive Board Member – and an individual some thought was the best person to lead ECB before Christine Lagarde was selected, has delivered an interesting speech in Brussels lambasting the state of the European Union and the lack… Read More

Bank for International Settlement Opens Innovation Hub and Selects Benoît Cœuré to Lead the Charge, Expect a Deep Probe into Digital Currencies

November 11, 2019 @ 8:21 am By JD Alois |

Benoît Cœuré, the outgoing European Central Bank Executive Board Member and an individual some thought best equipped to become the President of the ECB, has been appointed to lead the newly created Bank for International Settlements (BIS) Innovation Hub. According to BIS, Cœuré will commence… Read More

Banking Advisors to US Federal Reserve Say Private Currencies Like Libra Pose Risks

October 2, 2019 @ 9:08 pm By Cali Haan |

Banking advisors to the US Federal Reserve have warned that Facebook’s proposed private currency network, Libra, will disrupt conventional banking and could function as a “shadow banking” system if not properly regulated. They also warned that, “In extremis, alternative currencies could usurp the prudential authority… Read More

Libra Has “Undoubtedly Been a Wakeup Call for Central Banks” Says ECB Board Member Benoit Coeure

September 26, 2019 @ 6:04 pm By Omar Faridi |

Facebook’s stablecoin project Libra might solve some of the problems in the global payments industry, however, it could also create other types of issues that would have to be addressed by regulators, according to Benoit Coeure, a member of the executive board at the European… Read More