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April 22, 2022

In a joint letter to the Basel Committee on Banking Supervision, ISDA, the Institute of International Finance, and the Global Financial Markets Association, among others, requested reconsideration of the 2014 standardized approach for measuring counterparty credit risk exposures.

June 28, 2021

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.