Commercial Real Estate (CRE)
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Powell: The non-bank activities in the cryptocurrency and mortgage fields should be subject to the same supervision as the regulated banks
According to reports, Federal Reserve Chairman Powell said that the same activities and supervision are the basic principles of my support for cryptocurrency and other areas of concern. Carefully monitor the exposure of small and medium-sized banks to CRE. Non-bank activities in the fields of cryptocurrency and mortgage loans should be subject to the same supervision as the regulated banks. The Federal Reserve is very firmly committed to tailoring regulatory regulations for banks. Interpretation of this information: The statement made by Federal Reserve Chairman Powell regarding cryptocurrency and other areas…
