But it may be less well known that banks that engage in securitization activities need to be wary of taking any action, such as providing post-sale support to a securitization in excess of any contractual obligation, that would suggest it has implicit recourse exposure to losses beyond the contractually stated amount.
A CBDC, or lack of it, may not meaningfully change the existing incentives for people, firms, or countries to conduct business in the dollar. Therefore,  See Christopher J. Waller, “The U.S. Dollar and Central Bank Digital Currencies,” speech at Digital Currencies and National Security Tradeoffs, a symposium presented by the Harvard National Security Journal, Cambridge, Massachusetts, October 14, 2022, https://www.federalreserve.gov/newsevents/speech/waller20221014a.htm.