Bank of England watchdog asks firms to disclose crypto exposure — TradingView News
The Bank of England’s regulatory arm has requested that businesses disclose any current or future exposure to crypto by March next year so it can monitor stability and help shape policy.
In a Dec. 12 statement, the Prudential Regulation Authority (PRA) asked firms to share their “current and expected future crypto asset exposures” and how they’re using the crypto-regulating Basel framework.
“This will inform work across the PRA and the Bank of England on cryptoassets by helping us calibrate our prudential treatment of cryptoasset exposures, [and] analyze the relative costs and benefits of different policy options,” the PRA said.
The Basel framework outlines capital and risk management requirements for banks’ exposure to…
