Bank of England’s PRA asks firms to disclose crypto investments
The Bank of England’s Prudential Regulation Authority has issued a data request asking firms to disclose their current and planned exposures to “cryptoassets.”
The statement requested firms to disclose their current and expected future “cryptoasset exposures” and to explain their use of the crypto-regulating Basel framework. These assets encompass tokenized assets and stablecoins.
Firms have until March 24, 2025, to submit their responses.
The PRA emphasized that the information will inform its policymaking, including calibrating prudential frameworks for managing ‘cryptoasset’ exposures. This initiative aligns with the global Basel framework, which guides the prudential treatment of…
