JPMorgan, Siemens team on blockchain payments system

FSOC: Congress should establish stablecoin regulation | Cryptocurrency index funds see strong uptake | Community banks working on a P2P network to rival Zelle Created for {EMAIL} | [Web Version]( December 22, 2021 [SIGN UP]( ⋅ [SHARE]( [] Risk Management and Insurance [] [FSOC: Congress should establish stablecoin regulation]( The Financial Stability Oversight Council says it is prepared to deal with risk from stablecoins but prefers that Congress adopt legislation to establish oversight. The FSOC's [annual report]( says that "though stablecoins are marketed with the claim that they will maintain a stable value, they may be subject to widespread redemptions and asset liquidations if investors doubt the credibility of that claim." Full Story: [BNN Bloomberg (Canada)]( (12/17), [The Wall Street Journal]( (12/17), [CoinDesk (UK)]( (12/17) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Cryptocurrency index funds see strong uptake]( A number of index funds based on cryptocurrencies have entered the market in the past year and attracted some $2.2 billion of investment, according to a Bloomberg Intelligence tally. "The to-the-moon swings are fun, but that's not a retirement strategy," says Bennett Adams, an investor in the Index Coop fund. "What Index is building is going to work for a long-term hold." Full Story: [BNN Bloomberg (Canada)]( (12/20) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Community banks working on a P2P network to rival Zelle]( American Banker (12/20) [] - [BIS' Coeure: Global crypto agreement likely next year]( Bitcoin News (12/19) [] Cybersecurity [] [Study: Company networks remain extremely vulnerable]( A study by Positive Technologies finds that a majority of organizations are vulnerable to external attacks on their networks. Industries covered include financial services, governments, industrial businesses and the energy sector. Full Story: [BetaNews]( (12/20) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Government Regulation [] [SEC pushes out decision on 2 spot bitcoin ETFs]( The Securities and Exchange Commission is delaying its review of proposals for two spot bitcoin exchange-traded funds to have "sufficient time to consider the proposed rule change and any comments received." The decisions on the Grayscale Bitcoin Trust and Bitwise Bitcoin ETP Trust will be pushed out to early February, according to filings. Full Story: [CoinDesk (UK)]( (12/17), [Reuters]( (12/17) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Fed approves 3 regional bank tie-ups]( Barron's (tiered subscription model) (12/17) [] Innovation [] [JPMorgan, Siemens team on blockchain payments system]( Siemens and JPMorgan Chase have partnered to build a blockchain-based automated payments system. The system's infrastructure will expand the scope of how programmable payments are used, said Naveen Mallela of JPMorgan's blockchain technology unit Onyx. Full Story: [Financial Times (subscription required)]( (12/20) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Editor's Note [] The Aon Financial Advisor SmartBrief will not publish Dec. 29 In observance of Christmas and New Year's holidays, the Aon Financial Advisor SmartBrief will not publish Tuesday, Dec. 29. Publication will resume Jan. 5. [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [] We cannot become what we want to be by remaining what we are. Max De Pree, business executive, writer [LinkedIn]( [Twitter]( [Facebook]( [Email]( LEARN MORE ABOUT Aon Financial Institutions: [Aon Home Page]( | [Aon Financial Institutions]( [Thought Leadership]( | [Media Room]( About Aon Financial Institutions The Aon Financial Institutions Practice develops risk transfer and consulting solutions for a wide range of businesses including banks, insurance companies, asset managers and diversified investment and finance firms. Our experts draw on deep experience in developing products involving management and professional liability, property and casualty, cyber, operational and enterprise risk management, environmental liability, employee benefits, and transactional solutions. These solutions help clients build a tailored risk management program that empowers results for their organizations. Contact Aon Joel Sulkes Aon Global Financial Institutions Practice Leader t 212-441-2364 joel.sulkes@aon.com [www.aon.com]( [Linkedin]( [Twitter]( About Aon Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. SmartBrief publishes more than 200 free industry newsletters - [Browse our portfolio]( [Unsubscribe]( | [Privacy policy]( CONTACT US: [FEEDBACK](mailto:aonfinancial@smartbrief.com) | [ADVERTISE](mailto:) [Powered By SmartBrief]( Future US LLC ©, 10th floor, 1100 13th Street, Suite #1000, N.W Washington, DC 20005