<p><span>Recent volatility has exposed serious vulnerabilities in the crypto financial system.</span><a title="footnote 1" href="https://www.federalreserve.gov/newsevents/speech/brainard20220708a.htm#fn1"><span>1</span></a><a name="f1"></a><span> While touted as a fundamental break from traditional finance, the crypto financial system turns out to be susceptible to the same risks that are all too familiar from traditional finance, such as leverage, settlement, opacity, and maturity and liquidity transformation. As we work to future-proof our financial stability agenda, it is important to ensure the regulatory perimeter encompasses crypto finance.</span></p>
<p><span>Huw Pill talks about the challenges for </span><a href="https://www.bankofengland.co.uk/monetary-policy">monetary policy</a><span> after Covid.</span></p>
The New Jersey Appellate Division recently affirmed the trial court's grant of summary judgment in favor of a bank, holding that the bank had the right to refuse prepayment on two of its loans based on non-monetary defaults .
plus a number of liquidity support operations. Banks, building societies, designated investment firms , central counterparties and International Central Securities Depositories are eligible to.