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Financial institutions must prove they've factored in crypto risks, UK regulator says

By Fiona Maxwell
  • 06 Sep 2021 05:51
  • 06 Sep 2021 05:51
Any financial institutions exposed to cryptocurrency-based assets must be able to prove how they have addressed potential risks from the unregulated tokens, the UK financial markets watchdog's chairman said today.
Charles Randell warned of the risk of contagion of banks and other financial institutions that have invested in digital currencies

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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 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.

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