Source: Coindesk.com
In 1974, German regulators liquidated Herstatt Bank because it was unable to settle its foreign exchange obligations. Time zone differences and a lack of global settlement technology led to its demise. In the aftermath of this and other bank failures, central bankers formed the Basel Committee on Banking Supervision that same year to set standards for bank capital, liquidity and funding.
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The post "Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them" appeared first here Coindesk.com.
Source: Coindesk.com
