Davos: IMF’s Lagarde Says Fintech Will Shake The System88.8

International Monetary Fund Head, Christine Lagarde, told the World Economic Forum in Davos, “fintech is going to shake the system.” She also urged against relying on central banks in the next financial crisis, at the CNBC-hosted panel.

Her comments followed UBS CEO, Sergio Ermotti, saying that he hoped “we don’t rely on central banks to resolve the issues,” in the wake of another crash. He suggested that some central banks have “very limited ammunition,” while others perhaps had a bit more flexibility.

Original source
https://bitcoinist.com/davos-imfs-lagarde-says-fintech-will-shake-the-system/

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