Legal News

Cryptoassets—not in my back yard says the Basel Committee

Published on: 21 June 2021
Published by: LexisPSL
  • Cryptoassets—not in my back yard says the Basel Committee
  • Original news
  • In summary, what do the BCBS’s proposals concern?
  • How does the BCBS propose to classify cryptoassets from a prudential basis?
  • What cryptoassets does group 1a apply to and what are the eligibility criteria?
  • What cryptoassets does group 1b apply to and what are the eligibility criteria?
  • What is the treatment for group 2 cryptoassets?
  • Does the consultation discuss any other risks faced by banks in holding cryptoassets?
  • Does the consultation discuss the treatment of CBDC?

Article summary

Financial Services analysis: Partners Etay Katz, Bradley Rice and Tara Waters of Ashurst take a closer look at the Basel Committee on Banking Supervision (BCBS) recent consultation paper containing proposals relating to the Prudential treatment of cryptoassets exposures. or take a trial to read the full analysis.

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