International Monetary Fund - News, Articles & Research

Cyber attacks cost financial firms $12bn says IMF

Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF).

10 April 2024

Company announcement/crypto

FSB and IMF outline approach to identify and respond to financial stability risks from crypto-assets

The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published a report outlining a comprehensive policy and regulatory response to crypto-asset activities.

07 September 2023

News/crypto

IMF engaging with dozens of countries on CBDCs

The International Monetary Fund is publishing a CBDC handbook amid growing demand for its assistance that has already seen the fund engage with nearly 30 countries investigating digital currencies.

13 April 2023

Company announcement/payments

BIS explores multilateral platforms for cross-border payments

Multilateral platforms – cross-border payment systems that are multi-jurisdictional by design – could enhance cross-border payments by reducing the need for intermediaries and allowing payment service providers in different jurisdictions to transact directly with each other.

19 January 2023

Company announcement/crypto

IMF urges regulation of the crypto-asset ecosystem

Unbacked crypto assets are the oldest and most popular type of crypto assets, relying not on any backing asset for value but instead on supply and demand.

27 September 2022

News/startups

IMF calls for regulatory crackdown on fast-growth fintechs

The International Monetary Fund says fast-growing finechs pose challenges for both regulators and less technologically advanced banks, whose long-term viability may be under threat.

14 April 2022

News/crypto

El Salvador becomes first country to accept Bitcoin as legal tender

The central American nation today sets a world-first as it adopts the cryptocurrency for use across all goods and services – even taxes.

07 September 2021

News/crypto

Legally speaking, is digital money really money?

Close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear, according to research conducted by the International Monetary Fund.

22 January 2021

News/security

Cost of cybercrime to exceed $1trn in 2020

The worldwide move to remote home working has contributed to a massive rise in cybercrime costs which are expected to top $1trn for the very first time this year.

08 December 2020

News/retail

Bank IT adoption linked to surviving financial crisis - research

Tech-focused banks may have weathered the global economic crisis better than their less savvy rivals, suggests a new IMF paper that finds a link between higher IT adoption pre-2008 and fewer loan defaults when the crunch hit.

24 January 2020

News/payments

Cash under threat from tech giant-run e-money - IMF paper

Cash and bank deposits face tough competition from, and could even be surpassed by, e-money provided by the likes of Alipay and Facebook, says a new International Monetary Fund (IMF) paper.

17 July 2019

Company announcement/security

Carnegie Endowment and Swift Institute release cybersecurity toolbox

The Carnegie Endowment for International Peace today released “Cyber Resilience and Financial Organizations: A Capacity-building Tool Box” in partnership with the SWIFT Institute, the original sponsor, the IMF, the Financial Services Information Sharing and Analysis Center (FS-ISAC), Standard Chartered, the Cyber Readiness Institute, and the Global Cyber Alliance.

16 July 2019