Welcome to the inaugural issue of Monthly Deposits: MoFo’s Bank Regulatory Newsletter, which provides an overview of recent developments in U.S. bank regulation, including proposed rules, reforms, and other significant updates. Here we cover some of the key developments from the past month that our team is keeping an eye on. Agencies Clarify Capital Treatment

The European Central Bank (ECB) has published its comprehensive payments strategy, setting out a consolidated, forward‑looking approach for the development of European payments across wholesale, business‑to‑business, retail and cross‑border use cases. The strategy has four strategic aims: (i) ensuring the effectiveness of monetary policy, financial stability and the smooth functioning of payment systems by maintaining

The IMF’s Tobias Adrian takes on that question in an intriguing white paper. Does tokenized finance represent an institutional and operational overhaul even though the securities industry has been focused on the wonders of distributed ledger technology (DLT), a.k.a. blockchains, that undergirds tokenization? Tobias Adrian, the financial counsellor and director of the monetary and capital

Moving to implementation The ledger MVP is being built on open-source foundations, using an Ethereum Virtual Machine (EVM)-compatible architecture based on Hyperledger Besu. It is designed to integrate with the broader digital asset ecosystem, forming a new layer within Swift’s infrastructure stack that combines the capabilities of distributed ledger technology with Swift’s global reach, security and standards. It lays the foundation for interoperability and

[Photo: Shutterstock] Paris-based Lightning stock exchange Lise is preparing a listing that could become Europe's first fully onchain initial public offering. CoinDesk recently reported that Lise plans to list French aerospace parts supplier ST Group on April 9 local time. ST Group makes composite parts used in aircraft, defense systems and space programs. It estimates