On Economic Policy, Harris Has Played Limited Role
President Biden has not given his vice president an expansive economic portfolio. But she has engaged on issues of small-business lending, help for parents and more.
President Biden has not given his vice president an expansive economic portfolio. But she has engaged on issues of small-business lending, help for parents and more.
This paper explores the relationship between banks and stablecoins and their issuers, focusing on the mechanical effects on banks’ capital and liquidity ratios when issuing stablecoins or collecting deposits from stablecoin issuers.The analysis reveals that converting retail deposits into stablecoin issuers’ deposits weakens a bank’s liquidity coverage ratio (LCR), turning a retail deposit into a wholesale deposit, even when these funds are reinvested in high-quality liquid assets.
Debut not as large as bitcoin ETF launch but in line with expectations
No one ever wants to see the blue screen of death. Sakuoka/ShutterstockThe world is saturated by services and products provided by companies that have a “secret grip” on the way we live.
Much of President Biden’s agenda polls well, but voters roundly dislike his handling of the economy. That’s a campaign challenge for his vice president, as she mounts a presidential bid.
This provisional Market Notice sets out the expected design for a new financial stability tool – the Contingent NBFI Repo Facility – that the Bank of England intends to invite applications for later this year. The Bank is expanding its toolkit to intervene where severe liquidity-related dysfunction in gilt markets threatens financial stability, by developing a facility that will allow eligible Non-Bank Financial Institutions (NBFIs) to borrow cash against gilts at times of severe gilt market dysfunction.
This Explanatory Note summarises the motivation for, and approach to, expanding the Bank’s financial stability toolkit. As a first step in this work, the Bank is developing the Contingent NBFI Repo Facility, which will allow eligible pension funds, insurance companies and liability-driven investment funds to borrow cash against gilts at times of severe gilt market dysfunction.
06photo/ShutterstockIf you’re about to jet off on a summer flight, the chances of you having secured a bargain at this peak time of the year are slim. And as well as the cost of your tickets, you may have grudgingly paid various amounts on top for your bags, your choice of seat, and the chance to be one of the first to board.
Spanish bank posts record quarterly results but UK stands out as weak spot
Main opposition party SYRIZA seems headed for a turbulent summer following the latest confrontation between senior party officials and leader Stefanos Kasselakis.