The conflicts of interest in the business model of credit rating agencies (CRAs) were laid bare in the 2008 financial crisis.
Investors and issuing sponsors...
Advocates of a decentralized future of money based on distributed ledger technology are chasing an illusion, according to Bank of International Settlements General Manager Agustin Carstens. Their vision, which is to “democratize finance” by cutting out big banks and other middlemen, is “not what decentralized finance applications are delivering,” he said on Tuesday addressing an […]