Sector Regulation Sector Regulation

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 that in the

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