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Federal Reserve Board Vice Chair for Supervision Randal K. Quarles questioned the value of developing a U.S. central bank digital currency, considering that (i) the U.S. dollar payment system operates very well, (ii) the potential benefits of a Federal Reserve CBDC are ambiguous and (iii) the development of a CBDC may pose substantial risks.

The Comptroller of the Currency, Federal Reserve Board and FDIC proposal allowing "advanced-approaches" banking organizations ( i.e. , those with $250 billion or more in total consolidated assets, or $10 billion or more in on-balance sheet foreign exposure) to use an alternative approach for calculating derivative exposures under regulatory capital rules was published in the Federal Register. Comments must be received before February 15, 2019. As previously covered , the proposed approach - the standardized approach for counterparty credit risk ("SA-CCR") - would replace the current exposure