Notice 2023-80: When the U.S. Tax Code Meets Pillar Two
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"The Federal Reserve is unlikely to extend its Bank Term Funding Program, the central bank’s vice chair for supervision, Michael Barr, inferred Tuesday while speaking at an event for Women in Housing and Finance. The Fed launched that emergency lending facility last year amid the collapses of Signature and Silicon Valley Bank. It is set to expire March 11."
We talked about this last week. The safety net for the old banking system of emergency funding will be over on March the 11th, 2024. We are expected between now and then to make adjustments inside our new Digital Asset Based Trading System and new Capital requirements to be up and running well.
These changes could cause fluctuations in the market we have not seen in a long time, but these shifts will be adjusted through new Basel 3 final guidance on our new tokenized assets interfacing together with banking systems and financial institutions all over the world.
This is not an overnight process and could take well into this year for many assets to shift into new prices based on new banking protocols.
Look for price pressures to cause new valuations going forward. It is a process expected to happen over time leading to a culminating event of weighing the market and its new values on a fixed rate of gold.
© Goldilocks
Banking Dive LInk
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