Non-bank financial intermediaries, or shadow banks, are gaining ground in the world’s financial system, posing risks to its stability. As la
“Lurking outside regulated banks, myriad alternative sources of finance pose serious risks to the banking sector’s stability across the world… regulators are increasingly warning that the risks of shadow banking to the global financial system are too big to ignore.”
The Shadow Banking Risks Inside Stablecoin Ecosystems - Tekedia
Banks are increasingly pushing for stablecoin regulation to extend beyond issuance and reserve requirements into secondary markets, arguing that meaningful financial stability risk does not end at the point where a token is minted. Their position reflects a broader concern: stablecoins function less like static digital cash instruments and more like circulating monetary assets embedded […]
➤ Banks are advocating for expanded stablecoin regulation beyond issuance to include secondary markets, citing risks similar to traditional shadow banking.
➤ The debate centers on whether to regulate only stablecoin issuers or the entire circulation ecosystem, including DeFi protocols and trading platforms.
➤ This regulatory push could significantly shape the future of digital assets and the competitive landscape between traditional finance and crypto-native systems.
Shadow Banking in 2026: The Wall Nobody Built to Last
Three trillion dollars of private credit grew at 18% per year for fifteen years. The infrastructure built to manage four hundred billion is being asked to manage three trillion. The infrastructure does not know it is being asked, because it cannot see itself.
A working paper deposited in June 2026 documents the convergence of five stress channels into a single cascade window.
US Treasury Secretary Bessent urges G7 to uphold sanctions against Iran
US Treasury Secretary Scott Bessent urges G7 to enforce Iran sanctions, targeting digital assets and shadow banking used to evade financial restrictions.
➤ US Treasury Secretary Scott Bessent is urging G7 nations to strengthen enforcement of sanctions against Iran, particularly targeting its use of digital assets and shadow banking to evade financial restrictions.
➤ The focus is on closing loopholes in cross-border enforcement, acknowledging that digital assets and decentralized networks have become significant tools for sanctions evasion, unlike previous efforts that focused on traditional finance.
➤ The article highlights the precedent of OFAC designating digital asset addresses for sanctions evasion and the need for a modern enforcement landscape to counter these evolving methods.
I Dropped Everything and Left France | Our French Chateau #𝄞♫♪
Why The U.S. Economy Has Not Collapsed Yet | Andrei Jikh
Distracted Trump Rambles While Iran War Expands | The Bulwark
we need to make it okay for him to back out..
Sam Stein: The Ridiculously Unserious President
We’re raining hellfire down on Iran and American soldiers have died, but that doesn’t stop Trump from hitting the links, doing a little dancing, or holding a revenge rally. His main preoccupation is his daily PR battle over the war—which currently involves arguing that higher gas prices are a good thing. And his ever dutiful backup chorus in Congress is happy to explain how “freedom isn’t free.” Meanwhile, the immigration system has been so undone that we now have a shortage of seasonal workers. Plus, the absurd shoe-related loyalty test at the White House, a major Trump donor is trying to buy a Senate seat in Oklahoma, at least one white Afrikaner refugee has seen enough and wants to go home, Sam and Tim have new Cabinet member rankings, and some justice for JVL and Bill after Wednesday's pod.
Irving Fine: Irving Gifford Fine (December 3, 1914 – August 23, 1962) was an American composer. Fine's work assimilated neoclassical, romantic, and serial elements.Composer Virgil Thomson described Fine's "unusual melodic grace" while Aaron Copland noted the "elegance, style, finish and…convincing continuity" of Fine's music.
Library of Congress: Irving Fine Partita for Wind Quintet
A bulwark is a defensive wall or structure, but it also figuratively means a person, institution, or principle that provides strong support or protection against danger, unpleasantness, or attack, like a bulwark against tyranny or extremism. In nautical terms, bulwarks are the solid walls along the sides of a ship above the deck.