Global Cryptoasset Regulatory Landscape Study
by Cambridge Centre for Alternative Finance
This report assesses cryptoasset regulation from three perspectives: their nature and form, their issuance, and intermediary actions during their lifecycle. It notes that intermediary activity bears resemblance to those of traditional assets and are more suited to being regulated as such (with few exceptions, eg cryptomining), however digitally-native assets are so distinctly different that they should garner case-by-case attention. It also laments the lack of clear taxonomy, with jurisdictions observed having an average of 3 bodies issuing guidance.
Digital identification A key to inclusive growth
by McKinsey Global Institute
Findings indicate that less than half the world’s population have a digital ID trail, which is problematic from both a financial inclusion and crime-fighting perspective. Diving deep into the different digital ID trends from each country, the report turns its eye towards the benefits of an upturn in its adoption, such as a 90% decrease in customer onboarding costs, or that countries implementing digital ID could unlock value equivalent to 3 to 13 percent of GDP by 2030.
Outlines the actions, recommendations and intentions of the FATF, this report particularly concentrates on regulators’ treatment of virtual asset classification and treatment, and its continued efforts to de-risk cyber threats such as phishing, as well as recommendations on the implementation of digital ID.
Highlighting a number of key findings, this report emphasises the growing importance of security in firms, particularly within financial services and health firms, as fraud losses are rising and cybersecurity has become consumers’ most valued element of online experiences in the Asia Pacific. It uncovers the key technologies driving the push for greater online security and fraud prevention, as well as key risks – such as open banking adoption in Australia.
World Economic Situation Prospects 2019
by United Nations
This sweeping report ties stable and sustainable economic development to making the UN’s SGDs a reality. To this end, it not only surveys the global economic outlook, but looks at topics such as strengthening international cooperation and multilateralism and delves into regional developments across the globe.
Although AI is nothing new, technologies like IoT, 5G, and more give the technology robust datasets to analyse. However, with the growing potential for AI come risks. This report enumerates these risks and helps insurers navigate them along with naming applications for the technology in insurance.