Central Bank, Financial Services

GROUP 1 – How could central bank digital currencies affect cross-border payments. GROUP 2 – What are the reasons and rationale behind the AMC and GameStop phenomenon? GROUP 3 – Do digital financial services put users into danger? GROUP 4 – How do different commercial banks achieve sustainability in the environment? GROUP 5 – Hong Kong Stock Exchange peculiarities. GROUP 6 – Accounting scandals and their aftermath. GROUP 7 – Future of banking Does the emergence of challenger banks shift the banking industry? GROUP 8 – Can NFT Change Traditional Methods to Trade Art in the Market? Group 9 – are derivatives financial weapons of mass destruction? GROUP 10 – How does money laundering change in different time periods? GROUP 11 – How Covid impacted retail investing into stock market? Group 12 – tapering in usa. GROUP 13 – Oil Futures Market Efficiency and Usage. GROUP 14 – Central banks and crypto relationship over time. GROUP 15 – Rise and Potential Fall of SPACs.

Multi-CBDC pilot program, commenced by the BIS, Hong Kong, Thailand, China and the UAE, was able to complete international transactions in seconds, whereas operational costs were reduced by half.

CBDCs theoretically could be able to improve the current state of cross-border payments

Cross-border CBDCs could be important for EMDAs, where speed and costs of international transactions are of great importance.

TOM - Amount of money you can produce is infinite with digital currency. Digital currency coincides with development of the blockchain. All the money transactions made from Government can process without banking system. Digital Currencies can record and trace the history of transactions, who was it given to from who, the coin can record transactions and it can be used for anti-money laundering. Abuse of the system is key issue, because the information is collected.

GROUP 2 – What are the reasons and rationale behind the AMC and GameStop phenomenon?

GameStop Corp. - an American company which primary business is to sell video games, merchandise for gaming and consumer electronics.

Occurs when there are high number of short-sellers holding it.

Payment for order flow (PFOF)– payment made for the brokerage firms for addressing orders to the particular market makers

In 2020 the biggest part of PFOF’s (Payment for order flow) was paid by Citadel.

In mid-January 2021, the social media series for GameStop (GME), AMC Entertainment Holdings Inc. (AMC), both of which have been called “meme stocks”, exhibit dramatic rises.

GROUP 3 – Do digital financial services put users into danger?

Our vision to conclusion is that digital financial services indeed have dangers, especially to particular groups of people, however it is way too convenient, innovative and in some cases cheaper to ignore it.

GROUP 4 – How do different commercial banks achieve sustainability in the environment?

Green bond - fixed-income instrument designed specifically to support specific climate-related or environmental projects

J.P. MORGAN CHASE & Co’s sustainable development activities are focused in 3 areas:

The exchange consisted of 2558 listed companies with an aggregate total market capitalization of 45,265.2 billion HK dollars.

TOM - Tokyo problem is human resources, they don’t speak English. Japanese banking system is very old. Singapore is great but as a city is too small and too expensive.

Enron Scandal (2001) - One of the biggest accounting scandals in the first decade of 21st century involved highly unethical accounting practices.

After the scandal Enron Corp. declared bankruptcy. As a result, the stock price of the company fell from its peak of $90.75 to $0.26. After the bankruptcy Enron was 74 billion dollars in debt to its shareholders out of which 7.2 billion dollars were paid in settlements. Jeffrey Skilling CEO was sentenced to 24 years in prison. Enron’s last business Prisma Energy was sold in 2006 leaving Enron without assets and finally it was renamed to Enron Creditors Recovery Corporation. Goal of this corp. was to repay the rest of creditors of the Enron Corp.