BCBS believes that certain cryptoassets have exhibited a high degree of volatility, and could present risks for banks as exposures increase, including liquidity risk; credit risk; market risk; operational risk (including fraud and cyber risks); money laundering / terrorist financing risk; and legal and reputation risks.

On June 10, 2021…

The market for digital collectibles or NFTs (non-fungible tokens) has exploded in the last months. Due to this boom which is not stopping and has led to millions of dollars spent on art from digital artist Beeple, the first tweet of Twitter founder CEO Jack Dorsey to sports highlight clips…

BCBS believes that the lack of standardization, the fast growth and high volatility of crypto-assets justify a global prudential standard.

The Basel Committee on Banking Supervision (BCBS) published a discussion paper on “Designing a prudential treatment for cryptoassets” in December 2019.¹ In this paper, the BCBS discusses the design of…

Fabian

Exploring the fields of Risk, Crypto, Quant Finance and Weightlifting

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