Financial Services Financial Services

Banks need clearer guidance on capital surcharges for Bitcoin, other virtual assets, IIF says

By Fiona Maxwell
  • 17 Mar 2020 07:46
  • 17 Mar 2020 07:46

A global banking association has called for a clearer definition of what is a cryptoasset, such as Bitcoin, as regulators try to design a framework that could see lenders holding more capital for exposures to those assets.

The Institute of International Finance called for a “clear taxonomy” to define which virtual

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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