This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Banks warned against issuing stablecoins by FSB’s Bailey

By Phoebe Seers ( July 14, 2025, 11:55 GMT | Insight) -- The chair of the Financial Stability Board, an international standard setter, has set himself on a collision course with the US administration, after warning banks against issuing their own stablecoins. Andrew Bailey’s comments come just before US lawmakers debate the Genius Act, which if enacted, would clear the way for banks and other entities to do exactly that. Bailey said he would much rather banks issue tokenized deposits.Andrew Bailey, who chairs the Financial Stability Board, an international standard setter, has set himself on a collision course with the US administration, after warning banks against issuing their own stablecoins....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections