What began as an effort to solve the problem of
how global financial institutions can transact with each other with greater trust has ended up moving towards a tool for establishing trust in other industries, including insurance.
Not exact matches
Today, as
global markets nervously watch to see
how much it will cost to save European banks from their willingness to make risky loans, critics around the world are calling for Hammurabi - style reforms to make sure
financial institutions, not taxpayers, pay for future bad bets.
However, this regime did not address
how to efficiently resolve holding companies that included a depository
institution, investment banks or other
financial institutions that were tightly and very intricately woven into the
global financial system.
«They don't quite know where they might need space,
how much space, but we're certainly actively working with two very major
global financial institutions to help plan that out.
Masters, who spoke during the event as well, detailed
how public blockchain's structure - at least ethereum and certain others - has a disadvantage to
global financial institutions, and as such, spurred the creation of the DAML language.
For its part, the Office of the Superintendent of
Financial Institutions (OSFI) released new guidance on mortgage underwriting and mortgage insurance that implemented enhanced
global standards.24 In December, OSFI announced that it would issue for public consultation proposed rules for
how much capital the banks and mortgage insurers must hold against vulnerable insured mortgages.