FSB video - a must watch for the #XRPCommunity. Paul Tucker talking about the CB leaders and a special moment for their careers #Reset?
- 'the one-off event that may define your career'.
-'the biggest thing that happens to them in whole their career'.
- 'over 10 years to prepare'
BIS: 'tool to buil-in'.
FSB Video - date: 17th of December 2021 (today).
'Cross boarder resolution agreements and crisis management preparedness'
BIS:
Some remaining operational activities, which will be resolved during a crisis automatically. He is naming a nitty-gritty little problem of the US Securities Law.
IMO: He is talking about $XRP or at least crypto as we all know.
There is a list of operational activities, bail-in execution.
Here is a document (2018) from FSB on bail-in principles;
fsb.org/2018/06/princi…
Wikipedia (1/2) A bail-in is the opposite of a bail-out because it does not rely on external parties, especially government capital support. A bail-in creates new capital to rescue a failing firm through an internal recapitalization and forces the borrower's creditors to bear...
(2/2) the burden by having part of the debt they are owed written off or converted into equity. (For example, in the case of the Cyprus banks in 2013, the creditors in question were bondholders, and the bail-in was of depositors with more than €100,000 in their accounts.
Mark Branson; We can't answer, but if the button get pressed. Come to a point that a LARGE BAIL-IN.
@digitalassetbuy
- SEC members will remain to have their jobs
- The in an absolute complete meltdown
- I can't believe the global systemically important banks (G-SIBs) can handle the stress test and if I'm wrong I think we need to publish the framework on how they can survive.
- Everybody on this webinar knows; Political blockages and interagency are partly from Washington.
Discussion and engagement with global systemically important banks (G-SIBs) in 2022 - on digital revolution / allot of benefits but also pitfalls/ and hopefully harsness it for the better of the system and individual institutions.
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