DeFi and EI: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add quote - source - Bank of England - https://www.bankofengland.co.uk/speech/2021/october/jon-cunliffe-swifts-sibos-2021)
 
imported>Doug Williamson
m (Categorise.)
 
Line 1: Line 1:
''Cryptoassets - cryptocurrencies.''
Emotional Intelligence, including the ability to identify and manage our own emotions, and to work effectively with the emotions of other people.  


DeFi is an abbreviation for ''decentralised finance''.


DeFi is an alternative system to CeFi.
==See also==
* [[ACT Competency Framework]]
* [[Behavioural skills]]
* [[Emotional intelligence]]
* [[Working effectively with others]]


 
[[Category:Behavioural_skills]]
DeFi enables the lending and borrowing of cryptoassets without using a central exchange.
 
DeFi services are algorithmic-based services that rely on smart contracts and are delivered over distributed ledger technology platforms without intermediaries.
 
 
:<span style="color:#4B0082">'''''DeFi's regulatory challenges'''''</span>
 
"The highly decentralised and global structure of the DeFi sector along with the difficulty to trace end users provide a unique set of challenges for regulators.
 
Even on an initial view it is clear that the sector is opaque, complex and undertakes financial activities that carry risk – activities that are regulated with the traditional financial sector.
 
 
... the degree of decentralisation currently varies across platforms.
 
However, in an extreme form, a DeFi platform could be completely decentralised with no identifiable legal entity, ownership nor even a point of human contact.
 
DeFi is still in its early infancy but its rapid growth means that regulators, domestically and internationally, need to think seriously now about the risks of a broad range of financial services being effected through DeFi platforms and how to ensure risks are managed in the DeFi world to the same standards as they are managed in traditional finance."
 
:''Is 'crypto' a financial stability risk? - Bank of England - Jon Cunliffe, Deputy Governor, Financial Stability - October 2021.''
 
 
== See also ==
* [[Bank of England]]
* [[CeFi]]
* [[Crypto]]
* [[Cryptoassets]]
* [[Cryptocurrency]]
* [[Distributed ledger]]
* [[Exchange]]
* [[Financial stability]]
* [[Intermediary]]
* [[Prudential]]
* [[Regulation]]
 
 
==External link==
*[https://www.bankofengland.co.uk/speech/2021/october/jon-cunliffe-swifts-sibos-2021 Is 'crypto' a financial stability risk? - Bank of England - Jon Cunliffe, Deputy Governor, Financial Stability - October 2021]
 
[[Category:The_business_context]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Technology]]

Latest revision as of 12:21, 21 February 2018

Emotional Intelligence, including the ability to identify and manage our own emotions, and to work effectively with the emotions of other people.


See also