Financial regulator OSFICanada is proposing new rules for banks and insurers that hold crypto assets. jackschickler reports.
The Office of the Superintendent of Financial Institutions said it was basing its proposals on those put forward by the Basel Committee on Banking Supervision in December, which could determine the extent to which the traditional financial system gets on board with blockchain innovations.
“Deposit-taking institutions and insurers need clarity on how to treat crypto-asset exposures when it comes to capital and liquidity,” said Peter Routledge, Superintendent of Financial Institutions, in a statement. “We look forward to giving them this clarity through these new guidelines that reflect industry input and international standards.”
The plans give banks the choice between a more comprehensive formula which differentiates among crypto based on perceived risk, or a simpler but less discriminating option. In December, international standard-setters proposed to treat unbacked crypto as the riskiest kind of asset for banks to hold, with lenders limited in how much bitcoin or ether they can hold. Jurisdictions such as the
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bank of Canada should stop hiking interest rates now: Benjamin TalCIBC\u0027s Benjamin Tal talks about why he thinks the Bank of Canada has started overshooting with interest rate hikes. Watch here.
Baca lebih lajut »
Big interest rate cuts ahead from the Bank of Canada if 2001 is any indicationThings can quickly change so get ready to see Bank of Canada actions speak louder than words over the coming year on interest rates. Read on.
Baca lebih lajut »
Deutsche Bank flags cost cuts as investment bank slump lowers profit By Reuters⚠️BREAKING: *DEUTSCHE BANK SHARES SLIP IN FRANKFURT AS INVESTMENT BANK SLUMP LOWERS PROFIT $DB $DBK 🇩🇪🇩🇪
Baca lebih lajut »
NatWest Bank CEO ousted after furor over politician Nigel Farage's bank accountNatWest, one of Britain's biggest banks, says its chief executive has left her job after discussing personal details of a client — the populist politician Nigel Farage — with a journalist.
Baca lebih lajut »
LEGO Unveils Star Wars: Ahsoka New Republic vs. Shin Hati SetMore adventures from the upcoming StarWars series Ahsoka come to LEGO with the New Republic taking on a new villain
Baca lebih lajut »
Nintendo Unveils New Controller Designed To Be Chucked Across A RoomThe Onion brings you all of the latest news, stories, photos, videos and more from America's finest news source.
Baca lebih lajut »