Guidelines published by the Swiss Financial Market Supervisory Authority. From the explanations: The FinTech licence allows institutions to accept public deposits of up to CHF 100 million, provided that these are not invested and no interest is paid on them. A further requirement is that an institution with a FinTech licence must have its registered office and conduct its business activities in Switzerland.
Read More »Obtaining a Fintech License in Switzerland
Guidelines published by the Swiss Financial Market Supervisory Authority. From the explanations: The FinTech licence allows institutions to accept public deposits of up to CHF 100 million, provided that these are not invested and no interest is paid on them. A further requirement is that an institution with a FinTech licence must have its registered office and conduct its business activities in Switzerland.
Read More »SNB Grants Fintechs Access to SIC
In a press release the Swiss National Bank explains that it grants access to … [fintechs] that make a significant contribution to the fulfilment of the SNB’s statutory tasks, and whose admission does not pose any major risks. Entities with fintech licences whose business model makes them significant participants in the area of Swiss franc payment transactions will therefore be granted access to the SIC system and to sight deposit accounts. The Swiss Financial Market Supervisory...
Read More »SNB Grants Fintechs Access to SIC
In a press release the Swiss National Bank explains that it grants access to … [fintechs] that make a significant contribution to the fulfilment of the SNB’s statutory tasks, and whose admission does not pose any major risks. Entities with fintech licences whose business model makes them significant participants in the area of Swiss franc payment transactions will therefore be granted access to the SIC system and to sight deposit accounts. The Swiss Financial Market Supervisory...
Read More »“On the Equivalence of Private and Public Money,” Mimeo, 2019
Mimeo, January 2019, with Markus Brunnermeier. PDF. We propose a generic model of money and liquidity. We provide sufficient conditions under which a swap of private (inside) against public (outside) money leaves the equilibrium allocation and price system unchanged. We apply the results to Central Bank Digital Currency, the “Chicago Plan,” and the Indian de-monetization experiment.
Read More »“On the Equivalence of Private and Public Money,” Mimeo, 2019
Mimeo, January 2019, with Markus Brunnermeier. PDF. We propose a generic model of money and liquidity. We provide sufficient conditions under which a swap of private (inside) against public (outside) money leaves the equilibrium allocation and price system unchanged. We apply the results to Central Bank Digital Currency, the “Chicago Plan,” and the Indian de-monetization experiment.
Read More »The Best Economists
The Economist characterizes the work of who it views as the eight best economists of the decade. Most of their work is empirical. The eight are: Isaiah Andrews, Melissa Dell, Nathaniel Hendren, and Stefanie Stantcheva of Harvard Parag Pathak and Heidi Williams of MIT Emi Nakamura of UC Berkeley Amir Sufi of Chicago Booth
Read More »The Best Economists
The Economist characterizes the work of who it views as the eight best economists of the decade. Most of their work is empirical. The eight are: Isaiah Andrews, Melissa Dell, Nathaniel Hendren, and Stefanie Stantcheva of Harvard Parag Pathak and Heidi Williams of MIT Emi Nakamura of UC Berkeley Amir Sufi of Chicago Booth
Read More »“Mounting Pressure on Central Banks,” finews.asia, 2018
finews.asia, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.
Read More »“Mounting Pressure on Central Banks,” finews, 2018
finews.asia, December 27, 2018. HTML. finews.ch, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.
Read More »