Tagged: randal quarles

Randal Quarles, Fed Vice Chair, Says Regulators in Sprint for Crypto

Randal Quarles, Vice Chairman of the US Federal Reserve, testified in front of the Senate Banking Committee this week as part of the Semiannual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System. While much of the discussion swirled around the economy… Read More

FSB Report Comments on Decentralized Financial Technologies & Impact on Stability, Regulations

The Financial Stability Board (FSB) is out with a report on Fintech/distributed ledger technology. Entitled Decentralised Financial Technologies, the document reviews the impact of “decentralization” (IE blockchain and other forms of Fintech) on global financial stability and international regulatory environment. The report is being delivered… Read More

FSB Supervising Governor Advises Creation of Global Regulations for Crypto

The Financial Stability Board‘s (FSB) Randal K. Quarles has touched on the need for a global regulatory framework for cryptocurrencies in a speech delivered in Hong Kong February 10th at the Bank for International Settlements Special Governors Meeting. Quarles is the Vice Chairman for Supervision on… Read More

Federal Reserve Vice Chairman: Digital Currencies May Create Serious Financial Stability Issues if they Achieve Wide Scale Usage

The Federal Reserve Vice Chairman for Supervision, Randal K. Quarles, commented on digital currencies today in a speech in Washington, DC. Quarles cautioned on cryptocurrencies noting that; “Digital currencies may not pose major concerns at their current levels of use, more serious financial stability issues… Read More

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