For Great Justice (BIS seeking comments on interest rate risk)

[pmbug]

... The Basel Committee on Banking Supervision today published a consultative document to propose targeted adjustments to its 2016 standard on interest rate risk in the banking book (IRRBB). ...

https://www.bis.org/press/p231212.htm

...
The Committee welcomes comments on the proposed amendments to the IRRBB standard, which should be submitted here by 28 March 2024. All submissions will be published on the BIS website unless a respondent specifically requests confidential treatment.

https://www.bis.org/bcbs/publ/d561.htm

I submitted this morning:

Because central bank interest rate policies stoke inflation, and inflation has outsized negative effects on the poor and middle classes, fiat monetary systems are immoral:

https://www.pmbug.com/threads/the-immorality-of-central-bank-fiat-monetary-systems.6423/

Nations should adopt gold as unpegged legal tender for a just and equitable monetary system:

https://www.pmbug.com/threads/gold-as-unpegged-legal-tender.5705/

Thank you.

Will they publish it?

 

[acptulsa]

I submitted this morning:

Will they publish it?

 

[pmbug]

For even greater justice (another comment on a different issue)...

The Basel Committee on Banking Supervision today published a consultative document to propose targeted adjustments to its standard on banks' exposures to cryptoassets.

When the cryptoasset standard was published in December 2022, the Committee noted that certain issues would be subject to monitoring and review due to the rapid pace of market developments. Following reviews conducted during 2023, the Committee proposes to update the requirements relating to banks' exposures to stablecoins.

The proposals flesh out the criteria on the composition of the reserve assets that back stablecoins, covering issues such as the credit quality, maturity and liquidity of the reserve assets. The requirements determine whether the stablecoins to which banks' may be exposed will be eligible for inclusion in the Group 1b category of cryptoassets, and thus benefit from a preferential regulatory treatment.
...

https://www.bis.org/press/p231214.htm

The BIS is accepting comments on this issue, so I submitted the following:

Here's an idea. How about recommending central banks to allow stablecoin issuers to use narrow banking like Custodia Bank tried to do:

https://www.pmbug.com/threads/what-is-risky-in-life-zero-reserve-or-full-reserve-banking.5723/

and eliminate systemic risk completely?

I wonder if they will publish it?