The tension between big banks and private credit giants is flaring up again. The latest tussle started as the chair of UBS warned about risks in the US insurance industry due to private financing. Colm Kelleher warned that the "lack of effective regulation" in the insurance industry is causing a "looming systemic risk" as there's a "massive growth in small rating agencies ticking the box for compliance," on Tuesday at a conference hosted by the Hong Kong Monetary Authority."We're beginning to see huge rati ...

Regulatory Concerns & Systemic Risk - Bank of England considers stablecoins a systemic risk and suggests a £20,000 limit on holdings [1] - Regulatory institutions are perceived as limiting individual financial decision-making capabilities [2] Fiat Currency & Digital Assets - Financial institutions are viewed as pushing draconian laws regarding fiat money usage [1] - The push for restrictive fiat currency laws may increase anger and potentially drive adoption of alternative assets [1]