Waller: ‘Skinny’ master accounts can shield Fed from legal risk
Governor also argues that stablecoins are forcing banks to innovate with payments
Christoper Waller has again made the case for the US Federal Reserve to allow companies to open ‘skinny’ master accounts.
In a speech on February 9, the Fed governor said the accounts could reduce legal risk for the central bank.
The proposed accounts would provide the Fed’s master payment services to firms that currently conduct transactions through lenders with master accounts at the central bank’s various regional branches.
The governor told the audience in California, at an event organised by
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