News and Announcements

Professor Garratt contributes to Investigating the impact of global stablecoins

by Nelson Pacheco | Oct 21, 2019

stablecoin

On October 18, 2019, the G7 Working Group released its much anticipated report on global stablecoins. Professor Garratt was a significant contributor to this report. The report follows the recent announcement by Facebook regarding its plans for a new stablecoin called Libra and lays out initial recommendations for both private sector stablecoin developers and public sector authorities to address the challenges and risks associated with stablecoins. This is the third BIS working group report to which Professor Garratt contributed. He contributed to this report on digital currencies and this report on central bank digital currencies.