The Daily Peg
UK's Financial Conduct Authority publishes stablecoin rules that halve costs for potential issuers compared to EU's MiCA regime.
Editorial Hello
The ECB’s annual get-together in Sintra, Portugal, kicked off yesterday in entirely pleasant atmospheric conditions of about 26 degree-celsius. The focus for us will be tomorrow, when the ECB’s Piero Cipollone chairs a panel with Bank of Korea Governor Hyun Song Shin on the challenges and opportunities when money, payments and financial transactions become digital.
Wednesday is also the day the Fed’s new chairman, Kevin Warsh, descends on the forum to offer his two cents on monetary policy and central bank balance sheet reform. He will be speaking on a panel with the ECB’s Christine Lagarde, the BoE’s Andrew Bailey and Bank of Canada’s Tiff Macklem.
In the meantime, don’t miss Noelle Acheson and me discussing the latest in ‘Monetary Forces’ today at 4pm CET.
