Technology Technology

Bitcoin-exposed banks must pay stiff capital penalty to ease risk, Basel Committee says

By Fiona Maxwell
  • 10 Jun 2021 07:45
  • 10 Jun 2021 07:45
Banks’ capital requirements should be adjusted for their exposures to cryptocurrencies, with a “new conservative prudential” treatment for riskier assets such as Bitcoin, an international standard-setter said today.
The Basel Committee on Banking Supervision set out a new consultation today (see here) proposing capital measures for lenders as it warned

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, 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.

Discover MLex

Stay on top of global regulatory developments

Latest News