Financial system

From crypto to commerce: Navigating stablecoins in Asia

A calibrated strategy is needed to harness their efficiency while safeguarding monetary sovereignty

The market for private credit is an estimated US$40 trillion. It is a big engine for the economy that fuels innovation, growth and the industrial renaissance.

Private-credit fears are based on four myths

The growth of private credit in all forms has actually made our financial system more resilient and less concentrated

The report echoes recent warnings from central bankers and regulators around the world about growing financial-stability risks.

ECB warns high valuations boost financial-stability risks

It also cautioned that concern about high public debt in some advanced economies could strain global bond markets

The Bank of England’s Financial Stability Report mentioned “resilience” eight times in 2015; by November 2024, the term had become the dominant theme in the text. This linguistic shift has become a systemic governing principle without operational meaning.

How ‘resilience’ became global finance’s mirage of strength

The borrowed metaphor now obscures more than it explains

Tokenisation promises to unlock new frontiers.
THE BROAD VIEW

Asset tokenisation is no longer optional for financial institutions

International cooperation to develop regulatory frameworks and ensure strong investor protection is key to scaling this new system and building industry trust

Amro calls for more vigilant monitoring of unlisted MSMEs in raw materials and manufacturing, which have relatively higher levels of debt-at-risk.

Asean+3 financial stability at mercy of US policy swings, tested by greenback’s decline, banking’s digital shift

But grouping’s financial system remains resilient due to well-calibrated policy mixes, strong fundamentals: Amro

Bitcoin treasury companies collectively hold over one million bitcoin in reserves, representing more than 4.7% of the total circulating supply.

Bitcoin treasury companies: Infinite money glitch?

The more successful they are, the bigger the potential for collapse

 Financial firms have reconfigured their operations – from global integrators to jurisdictional separators, from efficiency maximisers to compliance optimisers, and from universal service providers to selective gatekeepers.

The impossible choice: tariffs, sanctions and fragmentation

Parallel financial systems could force either breakdown or reluctant reintegration 

In its eagerness to do the crypto industry’s bidding, the Congress has exposed Americans and the world to the real possibility of the return of financial panic and severe economic damage, implying massive job losses and wealth destruction.

The crypto crises are coming

The new US legislation leaves the industry where it wants to be – without regulatory safeguards