Gillmore Centre Network
One popular argument central bankers have put forward in favor of CBDCs has been the need to protect 鈥渢he Singleness of Money.鈥� In this article, Martin Walker, Director of Banking and Finance at the Center for Evidence-Based Management, explores the "Singleness of Money" concept and provides analysis.
Regulators have struggled for years with the challenge of regulatory arbitrage but an increasing challenge in the age of fintech is "technology arbitrage," also known as "tech washing." Regulatory arbitrage involves the creation of economically similar or even identical structures that achieve (at least for a period) better treatment in terms of factors such as taxation, client suitability, liquidity and/or capital treatment.
Broadridge鈥檚 SFCM team Martin Walker, head of product management, and Anupma Bakshi, senior business analyst, breakdown the key distinctions between centralisation and decentralisation and their role in the securities finance market.