Robust Bank Capital Rules For Crypto Assets Due By Year End


Bank capital guidelines for crypto property due by yr finish

LONDON:

The international Basel Committee of banking regulators will full work on “robust” guidelines for the way banks should put aside capital to cowl crypto property on their books, the committee’s oversight physique mentioned on Tuesday.

“On crypto assets, members reiterated the importance of designing a robust and prudent regulatory framework for banks’ exposures to crypto assets that promotes responsible innovation while preserving financial stability,” the Group of Central Bank Governors and Heads of Supervision (GHOS) mentioned in an announcement.

“The GHOS tasked the Committee with finalising such a framework around the end of this year.”



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