FSB Slow-Walks Global Crypto Action
As promised, the FSB today released preliminary recommendations for global cryptoasset regulation and questions for consultation.
FSB Demurs on Crypto Systemic Risk
In its latest letter to the G20, the FSB today leaves its prior global-risk assessment largely unchanged, but refines its action plan.
Hsu Hunts for Reasons to Tolerate Crypto
In two speeches today, Acting Comptroller Hsu has again reiterated his concerns that cryptoassets pose an array of risks, a view of course echoing the FSOC’s findings (see Client Report CRYPTO33) and those in recent Treasury reports (see Client Report CBDC14 and Client Report CRYPTO32).
FRB KC: Better Data, Research Needed to Guide Payment Inclusion
A new research briefing from the Federal Reserve Bank of Kansas City calls for more research and data collection on underserved populations excluded from the payment system as well as more systematic research into public and private payment inclusion initiatives.
HFSC Republicans Press Hsu on Bank-Fintech Partnerships
HFSC Ranking Member McHenry (R-NC) and four other House Republicans today sent a letter to Acting Comptroller Hsu demanding clarification on the OCC’s treatment of bank-fintech partnerships.