How Libra was a Wake Up Call for Central Banks

There was a lot of talk surrounding Facebook’s launch of Libra last year with varying opinions on if the company could succeed or be allowed to succeed; one thing the project did do was begin to change the way central banks were thinking about innovation; Agustín Carstens, Head of the Bank for International Settlements (BIS), tells the FT, “events like Libra have been a wake-up call for central banks. We central bankers were in a comfort zone, but Libra showed we needed to change. So, there has been a lot of consulting and debate with Facebook, and ourselves.”; Facebook has been coy in explaining all the details of their new project but have consistently said they want to work is a conscientious way with regulators; at the very least Libra has succeeded in changing the conversation within finance and getting some of the top regulators to start thinking about the future. Financial Times

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.