0:23
Paige Paridon
42:30 - 42:53
"Institutions seeking novel charters seek access to the Federal Reserve payment infrastructure and the implicit imprimatur of federal oversight without accepting the full scope of those obligations. That is not a formula for innovation. It is a formula for regulatory arbitrage and for the gradual erosion of the safety and soundness standards that protect the American public."
“Institutions seeking novel charters seek access to the Federal Reserve payment infrastructure and the implicit imprimatur of federal oversight without accepting the full scope of those obligations. That is not a formula for innovation. It is a formula for regulatory arbitrage and for the gradual erosion of the safety and soundness standards that protect the American public.”
- Speaker
- Paige Paridon
- Timestamp
- 42:30 – 42:53
- Community
- Alaska News
- Captured at
- June 24, 2026
From the transcript
Institutions seeking novel charters seek access to the Federal Reserve payment infrastructure and the implicit imprimatur of federal oversight without accepting the full scope of those obligations. That is not a formula for innovation. It is a formula for regulatory arbitrage and for the gradual erosion of the safety and soundness standards that protect the American public. Thank you, and I look forward to your questions.