https://www.scmp.com/rss/323384/feed Agustín Carstens has been general manager of the Bank for International Settlements since 2017. He was governor of the Bank of Mexico from 2010 to 2017. A member of the BIS Board from 2011 to 2017, he was chair of the Global Economy Meeting and the Economic Consultative Committee from 2013 until 2017. He also chaired the International Monetary and Financial Committee, the IMF's policy advisory committee from 2015 to 2017. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Agustín Carstens Agustín Carstens In Faust, Johann Wolfgang von Goethe addresses the Gretchenfrage – a fundamental question of life. For central bankers, the Gretchenfrage has always been: what is the soul of money? Today, technologists, innovators and futurists are coming up with new answers. Some say that money and finance will be provided by just a few big tech corporations. Others dream of a decentralised system in which blockchains and algorithms replace people and institutions. And, maybe, all of this will take place in... https://www.scmp.com/comment/opinion/article/3164418/future-money-lies-central-banks-not-big-tech-or-cryptocurrency?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3164418/future-money-lies-central-banks-not-big-tech-or-cryptocurrency?utm_source=rss_feed Mon, 24 Jan 2022 05:30:20 +0000 Investment funds and asset managers are playing an ever more crucial role in the financial system. They provide funding in areas that traditional banks do not cover, manage and share risks, and enhance innovation and economic growth. Lightly regulated from a prudential perspective – historically reflecting the fact that they do not take deposits – these nonbank financial intermediaries (NBFIs) have become tightly intertwined with the rest of the financial system. When things go wrong, their... https://www.scmp.com/comment/opinion/article/3158602/financial-intermediaries-must-be-kept-check-avoid-repeat-2020?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3158602/financial-intermediaries-must-be-kept-check-avoid-repeat-2020?utm_source=rss_feed Mon, 06 Dec 2021 07:15:16 +0000 At the recent UN General Assembly session in New York, Secretary General Ban Ki-moon predicted that the Paris climate agreement would enter into force before 2017, announcing 60 countries had now ratified its terms. Next week, the International Monetary Fund and World Bank welcome an influx of finance ministers and central bankers to its annual meetings in Washington. Historic Paris climate deal signed by 175 nations At first glance, these two events might appear totally unrelated. The imminent... https://www.scmp.com/comment/insight-opinion/article/2023588/paris-climate-deal-succeed-money-must-flow?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2023588/paris-climate-deal-succeed-money-must-flow?utm_source=rss_feed Thu, 29 Sep 2016 22:00:30 +0000