Banks’ cryptoasset holding rules are just the start of wider risk inquiry

14 March 2019 9:24am
Requirements on banks to disclose holdings of cryptoassets such as Bitcoin are just the start of an international regulatory inquiry into the treatment of an asset class considered a risk to the financial system.

Proposals from global standard setters at the Bank for International Settlements that banks should manage risks associated with virtual assets are sensible as far as they go, but are the beginning of a process, not the end

Guidelines today issued to national supervisors still leave open vital questions of how much capital lenders should be required to hold against cryptoassets — something on which the BIS standard setters don't yet hold enough data to make a judgment.