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Every morning
Weekly
Tuesday recap
The Bank of England announced a shift in its proposed stablecoin capital requirements, moving from a 100% to a 60/40 split between remunerated and non‑remunerated holdings. Deputy Governor Ben Breeden said the change reflects the regulator’s response to industry feedback during the ongoing consultation. The adjustment signals a more flexible stance, aiming to ease liquidity pressures on stablecoin issuers while preserving oversight. The consultation remains open for further input.
Commerzbank has cautioned that the European Central Bank must step in to nurture a viable euro‑stablecoin ecosystem. The bank argues that without clear regulatory guidance, market participants will remain hesitant, slowing adoption of digital euros. It also stresses the need...
European policymakers are increasingly exploring euro‑denominated stablecoins as a tool to counterbalance the U.S. dollar’s global reach. Federal Reserve official Stephen Miran, however, argues that the dollar’s dominance will persist despite these digital euro initiatives. He points to the depth...
Fed Governor Stephen Miran praised the appointment of Kevin Warsh, noting his hawkish reputation could give the Fed more credibility and make larger rate cuts easier. He highlighted systematic biases in inflation measurement—particularly portfolio‑management services and lagged shelter data—that have...
Banks are moving from traditional overnight benchmarks to quoting liquidity rates on an hourly basis, reflecting tighter funding conditions and the rise of electronic trading platforms. The shift provides more granular price signals, allowing lenders to capture real‑time balance‑sheet pressures...
The U.S. Treasury, through OFAC, reclassified key Iranian banks and instituted secondary sanctions that block dollar‑clearing for Iran’s oil trade. By cutting off access to the SWIFT network and threatening non‑U.S. firms that facilitate dollar transactions, the Treasury forced a...
