FHFA’s New-Product Rule Effective Date Set
Today’s Federal Register includes FHFA’s final rule on new Enterprise products now with an effective date of February 27. As we noted in our in-depth analysis, the rule requires the Enterprises to notify FHFA of new activities and then to obtain approval of any activities deemed to be new products, with FHFA having considerable discretion to determine if a new offering is an activity or a product.
FRB Atlanta: Political Compromise Essential To Successful CBDC
A new paper from Federal Reserve Bank of Atlanta staff finds that technical design features will not resolve difficult policy issues arising from CBDC issuance, concluding instead that political compromises will be necessary for successful introduction of CBDC.