* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, September 13, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

    Quinta Brunson, John Stamos Join Entertainment and Technology Summit – Variety

    Quinta Brunson and John Stamos to Headline Thrilling Entertainment and Technology Summit

    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    AI is the ‘most transformational technology’ in our lifetime, AMD CEO argues – Fox Business

    AMD CEO Declares AI the Most Transformative Technology of Our Era

    PAR Technology (PAR) Unveils AI-Powered Assistant Enhancing Restaurant Operations and Customer Engagement – simplywall.st

    PAR Technology Unveils AI-Powered Assistant to Revolutionize Restaurant Operations and Boost Customer Engagement

    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

    Quinta Brunson, John Stamos Join Entertainment and Technology Summit – Variety

    Quinta Brunson and John Stamos to Headline Thrilling Entertainment and Technology Summit

    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    AI is the ‘most transformational technology’ in our lifetime, AMD CEO argues – Fox Business

    AMD CEO Declares AI the Most Transformative Technology of Our Era

    PAR Technology (PAR) Unveils AI-Powered Assistant Enhancing Restaurant Operations and Customer Engagement – simplywall.st

    PAR Technology Unveils AI-Powered Assistant to Revolutionize Restaurant Operations and Boost Customer Engagement

    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

UK progresses plans for systemic stablecoin regime

August 10, 2023
in Business
UK progresses plans for systemic stablecoin regime
Share on FacebookShare on Twitter

The U.K. Treasury has released a consultation response on systemic stablecoins, which updates proposals for a regulatory regime for systemic stablecoins. The government proposed that systemic stablecoins would be supervised by the Bank of England and the Financial Conduct Authority (FCA), the former taking charge of “prudential matters,” while the FCA would cover conduct.

The consultation was titled ‘Payments Regulation and the Systemic Perimeter’ and outlined plans to bring “systemically important stablecoins used as a means of payment” within existing banking regulations.

“A clear majority agreed with the government’s principles to reforming this perimeter to ensure that the Bank’s capacity to mitigate acute financial stability risks kept pace with the evolution of the payments sector at large,” the consultation paper read.

The 40-page paper concluded that this was best achieved through the Banking Act 2009, which “was well understood and remained appropriate for any future systemic payments entities that the Bank might supervise over.”

The paper expanded on this by laying out what could be expected of different bodies if the BoE is put in charge of systemic stablecoins. The BoE would supervise “prudential matters,” aspects of structure and operation that affect financial integrity, while the FCA would head up conduct, which covers the actions and practices of an entity.

The consultation also stated the BoE would be given the power to prevent the FCA from taking action against a systemically important entity if those actions caused concern about financial stability. In this case, the Prudential Regulation Authority would have the authority to step in.

The consultation received 23 responses from various financial services players, including PayPal (NASDAQ: PYPL), HSBC UK, Circle, and Barclays, from whom the feedback was “largely positive concerning the government’s assessment of the evolution of systemic risk.”

However, a proposal that raised some concerns amongst respondents was that systemic payment entities would be overseen by the Financial Market Infrastructure SAR (FMI SAR) in cases of insolvency. As of a 2022 consultation, the FMI SAR has the new objective of returning customer funds, alongside ensuring operations continue.

“A few others noted concerns that adding a new objective for returning customer funds to all systemically important payments entities may lead to situations where this was prioritised over ensuring continuity of service to mitigate acute stability risks,” said the consultation.

On this, the government stated that it would continue to work with regulators and firms to keep the regime under review.

The U.K. recently passed the Financial Services and Markets Act (FSMA) 2023 into law, which extended the banking rules of the previous FSMA iteration to stablecoins and digital assets, giving the BoE the necessary powers to set up a systemic stablecoin regime.

London Blockchain Conference 2023: Regulatory frameworks for digital currency in Europe

YouTube video

New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CoinGeek – https://coingeek.com/uk-progresses-plans-for-systemic-stablecoin-regime/

Tags: businessPlansprogresses
Previous Post

Is Bitcoin (BSV) a Security?

Next Post

BSV is correctly priced

Health costs associated with pregnancy, childbirth, and infant care – healthsystemtracker.org

Breaking Down the True Costs of Pregnancy, Childbirth, and Infant Care

September 13, 2025
Treasury Department says it will ‘fully cooperate’ with House Oversight panel’s Epstein probe – CNN

Treasury Department Pledges Full Cooperation in House Oversight’s Epstein Investigation

September 13, 2025
UW-Stevens Point hosts lecture on cannabis culture and research – Stevens Point Journal

UW-Stevens Point hosts lecture on cannabis culture and research – Stevens Point Journal

September 13, 2025
Southern Miss to Host 7th Annual Rayborn Lecture Featuring Renowned Physical Chemist – The University of Southern Mississippi

Southern Miss Welcomes Renowned Physical Chemist for 7th Annual Rayborn Lecture

September 13, 2025
Shreveport couple accused of defrauding Medicaid to fund cosmetic surgery, luxury lifestyle – WAFB

Shreveport Couple Accused of Using Medicaid Fraud to Fund Cosmetic Surgery and Extravagant Lifestyle

September 13, 2025
Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

September 13, 2025
Fall sports programs relish — or ignore — early effects of new roster limits – The Cavalier Daily

Fall Sports Programs Embrace or Overlook Early Impact of New Roster Limits

September 13, 2025
Australia approves world-first vaccine to save koalas from chlamydia – AP News

Australia Approves Groundbreaking Vaccine to Protect Koalas from Chlamydia

September 12, 2025
I got a discounted premium economy seat by bidding. It made my 10-hour flight better, but I wouldn’t pay full price for it. – Business Insider

How Bidding for a Discounted Premium Economy Seat Transformed My 10-Hour Flight-But It’s Not Worth Paying Full Price

September 12, 2025
Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

September 12, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (818)
  • Economy (837)
  • Entertainment (21,715)
  • General (17,008)
  • Health (9,881)
  • Lifestyle (852)
  • News (22,149)
  • People (841)
  • Politics (846)
  • Science (16,047)
  • Sports (21,337)
  • Technology (15,819)
  • World (819)

Recent News

Health costs associated with pregnancy, childbirth, and infant care – healthsystemtracker.org

Breaking Down the True Costs of Pregnancy, Childbirth, and Infant Care

September 13, 2025
Treasury Department says it will ‘fully cooperate’ with House Oversight panel’s Epstein probe – CNN

Treasury Department Pledges Full Cooperation in House Oversight’s Epstein Investigation

September 13, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version