#final rule

4 01, 2023

FedFin on: Bank Crypto Safety-and-Soundness Standards

2023-01-06T10:38:42-05:00January 4th, 2023|The Vault|

The Basel Committee has finalized its second try at global standards governing bank cryptoasset exposures,1 laying out a path that U.S. agencies plan quickly to implement even as Congress continues to wrestle with this fast-changing sector. In general, the final Basel approach allows banks both to undertake cryptoasset activities and hold exposures in this sector. However, the conditions applied to all but the most straightforward digital assets issued by regulated entities and to all stablecoins are extensive and costly…..

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21 12, 2022

FedFin on: New to You

2022-12-22T16:39:07-05:00December 21st, 2022|The Vault|

Finally taking what was supposed to be an “interim” final rule in 2009, FHFA yesterday finalized a variation on Mark Calabria’s 2020 new-product proposal.  FHFA still has more discretion over which activities go into this process and what the market then knows about them….

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21 12, 2022

GSE-122122

2022-12-21T14:37:30-05:00December 21st, 2022|4- GSE Activity Report|

New to You

Finally taking what was supposed to be an “interim” final rule in 2009, FHFA yesterday finalized a variation on Mark Calabria’s 2020 new-product proposal.  FHFA still has more discretion over which activities go into this process and what the market then knows about them, but the standards would nonetheless exert a lot more discipline and at least some transparency over what the GSEs can launch into the marketplace in which they still can convey a killer punch.

GSE-122122.pdf

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