Toomey Continues GOP Attack on Comptroller Nomination
Making clear Senate Banking Republicans intend to give Comptroller-nominee Omarova no quarter, Ranking Member Toomey (R-PA) today requested a copy of her college thesis authored while Ms. Omarova was studying at Moscow State University.
Carstens Reiterates: Big Tech Demands Entity-Based Rules
Although U.S. policymakers have yet to reckon with big tech in financial services, global regulators continue to advance plans for new rules to govern the sector, with BIS General Manager Agustín Carstens today reiterating the need for entity-based rules.
BIS, IOSCO: FMI Principles Apply to Systemically-Important Stablecoins
The BIS Committee on Payments and Market Infrastructures (CPMI) and IOSCO today issued for consultation guidance on the application of their Principles for Financial Market Infrastructures (PFMI) to stablecoin arrangements.