Bank Policy Institute

Research Exchange is a monthly newsletter highlighting both BPI and external research curated by our team of economists.

Read the latest edition, which covers cyber stress tests, depositor flight and more.

Research Exchange: May 2026 - Bank Policy Institute Selected Outside Research When Forecasts Meet Reality: Assessing Climate Damage Functions This paper develops and applies a novel method to evaluate

In the latest BPInsights:

➡️ Are stablecoins private money? A Wall Street Journal article takes a closer look.

➡️ BPI analysis examines the Bank of England’s updated assessment of optimal capital.

And more.

BPInsights: May 30, 2026 - Bank Policy Institute WSJ: Stablecoins Are Private Money – That’s Why They’re a Risk to the Economy Stablecoins are “private money” and carry risks similar to historical

The European University Institute held a research conference last week in collaboration with BPI that brought together academics, policymakers and market participants to examine the evolving landscape of bank supervision and regulation.

Read our recap of the event here: https://bpi.com/bpi-european-university-institute-conference-explores-the-evolving-landscape-of-bank-supervision-and-regulation/

Americans lost $10 billion to Southeast Asia-based scam operations in 2024 alone, a 66% increase over the prior year.

This is a national security problem. It requires a national response.

Read BPI's policy solutions: https://usagainstfraud.com/

In this week's edition of BPInsights 📝:

➡️ The Fed proposes a framework for payment accounts.
➡️ BPI’s John Court testifies at a hearing on AML reform.

and more.

BPInsights: May 23, 2026 - Bank Policy Institute Fed Proposes Skinny Master Account The Federal Reserve on Wednesday proposed a framework for “payment accounts,” often described in public commentary as

RELEASE: BPI’s John Court Testifies on BSA Modernization

BPI’s John Court Testifies on BSA Modernization - Bank Policy Institute Washington, D.C. — John Court, Bank Policy Institute Executive Vice President, General Counsel and Chief Operating Officer, will testify today before the

ICYMI in BPInsights:

➡️ The Senate Banking Committee advances The Clarity Act.
➡️ Kevin Warsh is confirmed by the Senate.
➡️ The Kansas City Fed reveals some details about Kraken’s master account.

and more.

BPInsights: May 16, 2026 - Bank Policy Institute Senate Panel Advances Crypto Market Structure Bill The Senate Banking Committee on Thursday advanced the highly anticipated crypto market structure bill

In this week's edition of BPInsights 📝:

➡️ Senators release a crucial yield provision of the CLARITY Act crypto market structure legislation.
➡️ What some economic commentary gets wrong about yield-bearing stablecoins’ effect on deposits.

and more.

BPInsights: May 9, 2026 - Bank Policy Institute Stablecoin Yield Prohibition Must Preserve Community Lending Sens. Thom Tillis (R-NC) and Angela Alsobrooks (D-MD) last week released legislative language

In April's Research Exchange:

➡️ Bank Regulation, Construction Financing, and the Supply of New Housing

➡️ How CCyBs Travel – Internal Capital Markets & Domestic Borrowing

➡️ Ruffle Feathers: Cyberattacks and Local Bank Runs

Read the latest edition:

Research Exchange: April 2026 - Bank Policy Institute Selected Outside Research Bank Regulation, Construction Financing and the Supply of New Housing After the Global Financial Crisis, new home construction

In this weekend's edition of BPInsights:

➡️ BPI President and CEO Greg Baer testified on Basel capital requirements at a House hearing.
➡️ Americans are losing billions of dollars a year to social media scams.
➡️ Next steps on crypto market structure legislation.

and more.

BPInsights: May 2, 2026 - Bank Policy Institute Stress Test Overlap, Capital Levels: Takeaways from BPI’s Basel Testimony BPI President and CEO Greg Baer testified Tuesday at a House Financial Services