An international body of regulators and government officials created in the wake of the 2008 financial panic is expanding its work on blockchain.
In a 3rd November speech at the Chatham House Banking Revolution Conference, FSB secretary general Svein Andresen suggested that the organization was beginning to move toward making policy recommendations related to the technology.
He told attendees:
Andresen went on to say that the FSB was working alongside the Basel Committee on Banking Supervision, a body within the Bank of International Settlements (BIS), on similar issues.
“This has covered members’ experimentation with distributed ledger technology and what they have learned, as well as experiences with innovation facilitators – sandboxes, hubs, and accelerators,” he remarked.
Andresen’s speech focused in part on fintech more broadly, suggesting that any policy recommendations from the FSB will likely be within that context. He gave no indication as to when the FSB might move to begin releasing the results of its work.
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