⁍ Ian Jenkins is HSBC’s former business finance head and group general manager.
⁍ He has also previously worked at Credit Suisse and Santander.
⁍ The Libra project, unveiled by Facebook last year, was relaunched in slimmed-down form in April.
– Financial leaders from the world’s seven biggest economies issued a joint statement Tuesday saying stablecoins like the Libra cryptocurrency “should not be launched until they have been properly regulated,” Reuters reports. According to the Wall Street Journal, the statement was the first time the world’s seven biggest economies have spoken out against a new type of cryptocurrency that they say could threaten financial stability. Libra was unveiled by Facebook last year but was relaunched in April after regulators and central banks raised concerns it could upset financial stability and erode mainstream power over money. Libra is now seeking to issue a series of stablecoins backed by individual traditional currencies. It has hired a number of senior executives since applying for a Swiss payments license in April, many of them are specialized in financial compliance and with ties to US government and authorities. In September the project appointed former HSBC European head James Emmett to lead Libra Networks. It also tapped HSBC’s former chief legal officer Stuart Levey—formerly a US Treasury official during the Bush and Obama administrations—to head the association itself.
Source: https://www.reuters.com/article/us-facebook-cryptocurrency-libra/facebooks-libra-cryptocurrency-taps-ex-hsbc-exec-as-cfo-of-payments-unit-idUSKBN2701ZE