Tag: Basel
Basel Committee Proposes Changes to Criteria Giving Stablecoins Preferential Risk Treatment Among Crypto Assets
However, cryptos with "effective stabilization mechanisms" qualify for "preferential Group 1b regulatory treatment." This means stablecoins can be sub [...]
Basel Committee Seeks to Consult on Stablecoins Risk Treatment
The initial December report separated its criteria for the treatment of crypto into two groups. Group one cryptos would meet the full set of classific [...]
Wall Street CEOs say Basel 3 endgame rules will hurt Americans
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify [...]
Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The Basel Committee of the Bank of International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks [...]
Banks Must Disclose Crypto Exposures, Global Regulator Basel Committee Says
Under the proposals, which would take effect in 2025, “banks would be required to disclose qualitative information on their activities related to cryp [...]
Basel Committee to consider disclosure requirements for banks’ crypto assets
The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose th [...]
Crypto Banking Rules Could Be Modified If Market Reacts, Basel Committee Chair Says
“Since we know that is market is evolving, what we will be doing with this standard is to focus on certain elements that might be particularly exposed [...]
UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized
The United Kingdom’s bank regulator, the Prudential Regulatory Authority (PRA), will propose rules for issuing and holding digital assets, Bank of Eng [...]
Basel Committee Endorses Global Crypto Banking Rules be Implemented by 2025
The classification conditions the committee have set out include ensuring crypto passes a redemption risk test and basis risk test. "The redemption ri [...]
NFTs, Nonprofits and Longevity Intersect at Art Basel Miami
Just as Art Basel has expanded beyond its initial gallery showcases in Switzerland, where the international art fair was conceived, the pursuit of lon [...]
The Contagion Fever Breaks: NFTs Dominate Art Basel
Miami’s annual Art Basel festival, now in its 20th year, connects galleries, artists and collectors to create unique artist-led experiences and bolste [...]
Basel Committee crypto asset prudential treatment proposals get detailed responses
The comments period has ended for the Basel Committee on Banking Supervision (BCBS) “Second Consultation on the Prudential Treatment of Cryptoasset Ex [...]
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
The great majority of exposures are bitcoin and ether or instruments based on those two currencies, the study said. The figures are dominated by servi [...]
Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity
On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset exposures [...]
Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes
Holdings for unbacked crypto would be limited to 1% of a lender’s capital, under plans put out for consultation Thursday
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