📉 The Basel Committee on Banking Supervision is discussing the possibility of obliging banks to disclose information about their crypto assets. This is due to the banking crisis at the beginning of the year:
- Crypto assets became one of the reasons for the collapse of some banks.
- In October, the committee analyzed the reasons for the failure of banks such as SVB, SBNY and FRC.
- The report points to 3 structural trends that could indirectly contribute to the failure of banks: the growing role of non-bank intermediaries, the concentration of crypto assets in a small number of banks and the increase in the speed of movement of customer funds due to digitalization.
A Crypto Asset Disclosure Document will be published soon.
- Crypto assets became one of the reasons for the collapse of some banks.
- In October, the committee analyzed the reasons for the failure of banks such as SVB, SBNY and FRC.
- The report points to 3 structural trends that could indirectly contribute to the failure of banks: the growing role of non-bank intermediaries, the concentration of crypto assets in a small number of banks and the increase in the speed of movement of customer funds due to digitalization.
A Crypto Asset Disclosure Document will be published soon.