Given the abovementioned interest by operators and the need for a deeper understanding on the part of the authorities, last week, we launched the second Call for Proposals focused on DLTs for Milano Hub, the innovation centre created by the Bank of Italy to support the digital evolution of the financial market and to encourage the attraction of talent and investments.
The Federal Reserve and other agencies are in the process of moving forward on proposed rulemakings that would implement revised regulatory capital requirements and the requirements for risk retention mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which include an exemption for mortgages that meet the definition of qualified residential mortgages (QRMs).