G20 financial regulators urge focus on the private lending and stablecoin markets

G20 leaders are being called upon to address the emerging private lending sector and the stablecoin market. Andrew Bailey highlights the necessity for unified global regulations to mitigate potential systemic risks.

Bailey also warns of the dangers posed by regulatory dissimilarities among countries. He emphasizes the urgency of establishing cross-border compliance mechanisms for stablecoins and private lending.