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Model Risk, Stablecoins, and the GENIUS Act

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Enactment of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) and the Office of the Comptroller of the Currency’s (OCC) subsequent proposed rulemaking mark a pivotal moment for financial institutions engaging with payment stablecoins, Kevin Oden, principal of Kevin Oden & Associates, a San Francisco-based consulting firm specializing in model risk management and quantitative analysis, shares in a recent white paper. In this Q&A with ProSight…

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