The Institutional Risk Analyst

Many voices in the media and elsewhere have been predicting an economic slump since 2023. Didn’t happen, but 2025 is very different.

SI’s management team is taking advantage of the narrative in Washington, which is that stable coins will be a bank only product

The FDIC implemented a moratorium on granting new ILC charters in 2006 after the Federal Reserve Board and, later, the FDIC expressed policy concerns with the control of insured banks by large commercial firms, specifically WalMart (WMT). Section 603 of Dodd-Frank reflected the same policy concerns by Congress and put in place a statutory moratorium, but that freeze expired in 2013.