Let us take a closer look at a level playing field in #Banking, and why regulatory clarity is so important.

The information used here comes directly from the @BIS_org

#Ripple #XRP #Crypto #Cryptocurrency
While crises often span borders, the pain is always domestic. At the political level, therefore, the temptation is for a narrow, national policy response that tends to make the playing field uneven - the very opposite of what we should be aspiring to.
When the Great Financial Crisis hit in 2007-09, for example, national approaches prevailed - notably in the form of ad hoc ring-fencing and recapitalisation of domestic banks by governments. Cross-border #Banking receded significantly.
With the Financial Stability Board becoming accountable to the #G20, and thus bridging between elected politicians, experts and standard setters. There is some hope that future crises will not only be less likely, but also less likely to trigger uneven policy responses.
In December of 2017, the Basel Committee's oversight body finalised the Basel III framework. This framework leaves #banks able to plan with less regulatory uncertainty.
The agreed regulatory framework redresses the key shortcomings exposed by the Great #Financial #Crisis, such as insufficient #bank capital, too much #leverage, insufficient #liquidity buffers and overstretched maturity transformation.
It is key not to neglect the #regulation of non-banks, where much still remains to be done.

The Basel Committee has established the Regulatory Consistency Assessment Programme (RCAP) to monitor this process and to align incentives across jurisdictions.
Private #financial institutions also have an important role to play, as achieving a level playing field requires upfront investment in IT systems and other tools to avoid unnecessary technical delays.
A regulatory approach to financial innovation, especially #fintech is so important. Regulators have to provide a level playing field for all participants (#banks and non-banks alike), while at the same time fostering an innovative, secure and competitive #financial market.
What defines a level playing field in this context?

When #banks and #fintech firms compete for the same customers with similar services and by taking similar risks, they should be similarly regulated: "same risk, same regulation".
But different players may be operating under very different regulatory regimes. This may create unintended regulatory gaps.

All of this puts a premium on regulatory and supervisory cooperation at both the international and the sectoral level.
What does #Ripple say about this? Read this article from 2017:

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More from @martincpvalk

9 Sep
I've seen diverse opinions on Twitter about @Ripple joining #TheBoardChallenge

I used to believe that the best person should get the job. Period.

Gender, ethnicity, age, and geography were irrelevant as long as you were the best at the job.

That's changed

Let me explain: Image
There's one major problem with that. Who gets to decide who the best person is? That would most likely be the incumbent board members. Who in most cases have been selecting likeminded people for years, and have ended up with a fairly homogenous group of individuals.
Does such a boardroom have exposure to a wide enough range of perspectives to facilitate robust discussions of the issues that arise?
Read 12 tweets
5 Jun
My take on the #XRP price explained.

@Kevin_Cage_ @WorkingMoney589 @thebearablebull @BakkupBradley @MoonLamboio @XrpMr @jungleincxrp @HamEggsnSam @digitalassetbuy @LoveForCrypto17 I would love to get your opinion and feedback on this:
So many people are fixated on the price of #XRP and don't understand why it is not rising. I am going to try and explain what I believe to be true in a way that can be understood by people who know absolutely nothing about finance.
Visualise the economy as a massive car engine, and #XRP as the oil that lubricates the whole system. Taking away all the friction and making sure everything runs smoothly.
Read 12 tweets

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