Greg Blount, President of Tropical Financial Credit Union, Miami, has been selected as the new chairman of the Florida Credit Union League. Also elected to the board: John Hirabayashi, president of Education Community Credit Union, Jacksonville, as first VP; Jace B. Reyes, president of Miami Postal Service CU, as second VP; Chris Brooks, board member of Monsanto Employees CU, as treasurer; and Mary Wood, CEO of Florida West Coast CU, Brandon, as secretary.
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
