The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks.
Failure of Multi-Function Crypto Firms a Limited Threat to ‘Real Economy’: FSB
A new report by the Financial Stability Board said further assessments of possible implications are required because “significant information gaps remain.”
G20 Welcomes FSB’s Tougher Crypto Rules, Says Presidency Holders India
The Group of Twenty (G20) has welcomed the high-level recommendations of the Financial Stability Board (FSB) on crypto asset activities and global stablecoin arrangements.
Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto’s ‘Rough Year’
FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report
Has Tokenization’s Moment Finally Come?
Tokenization of real-world assets has been dismissed by many crypto purists for operating under a centralized framework, but new technological advances have migrated the process from closed, permissioned projects onto public, permissionless blockchain platforms. This could offset traditional finance risks and broaden investment opportunities.
Existing Stablecoins Won’t Meet Forthcoming Global Standards: FSB
The Financial Stability Board’s recommendations for regulating crypto and stablecoins are set to be released in July 2023.
Financial Stability Board opens proposed crypto regulatory framework for public comments
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal.
FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade
Finance officials never once named Libra. But they didn’t have to; the proposed stablecoin’s shadow still loomed.
G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says.
Cryptos Could Challenge ‘Any Financial Framework’: New FSB Chair
The new chair of the Financial Stability Board has said cryptocurrencies are a challenge to his agency’s work.
Crypto Assets Don’t Pose Threat to Financial Stability Today, Says FSB
A new report by the Financial Stability Board found that crypto assets pose no threat to financial stability at present, but should be monitored.
G20 Watchdog Releases Framework for ‘Vigilant’ Monitoring of Crypto Risks
The global Financial Stability Board has published its expected framework for monitoring risk in the cryptocurrency markets.