DSG FinTech Update: June 2023
International Bodies BIS Publishes CBDC Report: A new type of market infrastructure in the form of a unified electronic ledger could enhance the global financial system, argues a recent report by the Bank for International Settlements (BIS). This ledger, proposed by the umbrella group for central banks as part of …
Read MoreCFTC EEMAC Meeting
On June 27, the Commodity Futures Trading Commission (CFTC) Energy and Environmental Markets Advisory Committee (EEMAC) held a public meeting. The meeting covered the state of the metals markets with a specific focus on copper and a discussion exploring wetland mitigation credits and how the CFTC could provide technical assistance in …
Read MoreHouse Financial Services Committee Hearing
On June 21, the House Financial Services Committee held a hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report.” The sole witness in the hearing was Federal Reserve Chairman Jerome Powell Below is a summary of the hearing prepared by Delta Strategy Group. It includes high-level takeaways followed by summaries of opening statements …
Read MoreSenate Banking Hearing
On June 22, the Senate Banking Committee held a hearing entitled “The Semiannual Monetary Policy Report to the Congress”. The sole witness in the hearing was Federal Reserve (Fed) Chairman Jerome Powell. Below is a summary of the hearing prepared by Delta Strategy Group. It contains several high-level takeaways from the hearing, followed by opening statements and witness …
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