OCC’s Hsu continues call for stablecoin standards
Acting Comptroller of the Currency Michael Hsu advocated for stablecoin technical standards today during an event focused on artificial intelligence ...
Tag: Cryptocurrency
ABA, groups: more clarity needed on Fed payments system access proposal
As the Federal Reserve continues to consider which entities may become eligible for access to its payments systems, ABA and ...
Regulatory arbitrage in the payments system is risky business
Innovation that puts the payment system at greater risk isn’t “disruption.” It’s an unforced error that the Fed can and ...
FSB chair: Invasion of Ukraine has ‘profoundly changed’ global financial markets
Chair of the Financial Stability Board sent a letter to G20 finance ministers and central bank governors addressing financial stability ...
IMF analysts call for regulatory parity between banks, fintech firms
Fintech firms and traditional banks should be governed by proportional policies, International Monetary Fund analysts wrote in recent blog that ...
ABA requests withdrawal of DOL guidance on cryptocurrency investments
In a letter to the Department of Labor this week, ABA and several financial and retirement trade groups requested that ...
Hsu advocates for bank-like regulation for stablecoins
Acting Comptroller of the Currency Michael Hsu called for establishing an “intentional architecture” for stablecoins that would focus on “stability, ...
Yellen calls for ‘appropriate oversight’ for digital asset, crypto firms
In a letter to FDIC-insured banks, the agency requested that any institution considering engaging in crypto-related activities provide notification to ...
Compliance priorities on the horizon for 2022
New focuses and directions at the agencies are on the way, but a few themes have been clear and consistent.
Nichols: Inflation concerns shouldn’t overshadow nation’s debt outlook
The nation’s debt-to-GDP ratio should be a greater cause for concern for the nation’s policymakers than the current inflation situation, ...
