26 01, 2024


2024-01-26T16:10:55-05:00January 26th, 2024|3- This Week|

Here We Go Again

Late last week, Bloomberg reported that the same kind of interest-bearing stablecoin products that wreaked havoc in 2023 and even some that purport to offer checking accounts are proliferating again with kudzu’s tenacity.  Offshore trading volumes for stablecoins grew 28 percent to almost touch $1 trillion at the end of last year, a move said to be bolstered by larger reserve assets at the largest stablecoin issuers.  The problem is that other than the case-by-case enforcement actions that drove this market offshore, there is still no U.S. law or rule to protect investors and, as stablecoins head over the $1 trillion hump, also the financial system.  Will that change this year?


17 03, 2023


2023-03-17T16:53:34-04:00March 17th, 2023|3- This Week|

What A Week That Was

As the flood of FedFin reports, alerts, and client calls makes clear, the last ten days have not only been busy – they are a threshold moment.  Now, U.S. and global bank regulation will proceed to much unfinished business after 2008 along with targeted changes to address hard lessons from SVB, SBNY, Credit Suisse, and broader market stress as this seems still to be evolving.  FedFin is continuing to advise clients of each twist and turn in U.S. and global financial policy, but we are also stepping back to provide forward-looking in-depth reports as the shape of things to come becomes clear.



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