Agustín Carstens: Outstanding Regulator

Agustín Carstens: Outstanding Regulator

Capital Markets Corporate & Sovereign Strategy Economy & Policy People Regulation Mexico

Agustín Carstens hasn’t shied from controversy since he took on his new role as general manager of the Bank of International Settlements (BIS) in December 2017. The Mexican economist has criticized the Trump administration’s protectionist policies, warning that they could trigger an economic slowdown. He has questioned whether cryptocurrencies could threaten financial stability, describing Bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster.” Carstens has also expressed concern that internet giants like China’s Alipay pose an “existential threat” to traditional banks. The big data they collect on spending habits and lifestyles gives them a huge advantage. If c

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