Banking Regulation

banking regulation

EU Lawmakers Impose ‘Prohibitive’ Requirements on Banks’ Crypto Holdings

The vote in the European Parliament's Economic and Monetary Affairs Committee is intended to anticipate international bank-capital norms.

By Jack Schickler

Jan 24, 2023 at 10:31 a.m. UTC

Jan 24, 2023

regulationsEUBanking RegulationCrypto

European Banks Must Fully Cover Crypto Holdings With Capital, Draft Text Says

A leaked proposal that faces a vote on Tuesday deems crypto assets to be the riskiest kind, in line with emerging international guidelines

By Jack Schickler

Jan 23, 2023 at 5:18 p.m. UTC

Jan 23, 2023

regulationsEUEU ParliamentBanking Regulation

CDCROP: Monetary Authority of Singapore MAS Building (Shutterstock)

Singapore Banks' Exposure to Bitcoin 'Insignificant' but Subject to Highest Risk Weight

Banks must hold $125 in capital against every $100 worth of bitcoin, a senior minister said.

By Sandali Handagama

Nov 28, 2022 at 4:33 p.m. UTC

Nov 28, 2022

regulationsBISbankingBanking RegulationBitcoinSingapore

CDCROP: Josh Lipsky, Senior Director GeoEconomics Center (atlanticcouncil.org)

Atlantic Council Director Sees 'Splintering' Financial System if US Falls Behind on CBDCs

Josh Lipsky, senior director of the Atlantic Council, joined “First Mover” to discuss how a U.S. CBDC could be a trendsetter for the rest of the world, once it gets beyond the research stage.

By Fran Velasquez

Oct 6, 2022 at 8:45 p.m. UTC

Oct 6, 2022

CBDCDigital CurrenciesBanking RegulationCoinDesk TV

CDCROP: Bank Vault (Peter Dazeley/Getty Images)

‘Prohibitive’ Global Crypto Capital Norms Could ‘Derail’ Market, TradFi Groups Say

Banks want to see caps on bitcoin holdings increased fivefold under planned global standards

By Jack Schickler

Oct 4, 2022 at 12:00 p.m. UTC

Oct 4, 2022

regulationsBankingBISBanking Regulation

Traders Work On The Floor Of The Chicago Board Options Exchange, As Federal Reserve Prepares To Make Interest Rate Announcement

Don’t Penalize Crypto in Banking Rules, Futures Industry Group Says

Planned capital requirements for bitcoin could undermine financial reforms and make it harder to curb risks, a group representing the futures industry is to tell the Basel Committee on Banking Supervision.

By Jack Schickler

Sep 30, 2022 at 3:41 p.m. UTC

Sep 30, 2022

regulationsBanking RegulationBISFutures

Business

Abra

Crypto Services Firm Abra 'in Process' of Forming US Bank

Abra expects its banking platform to launch in 2023.

By Michael Bellusci

Sep 12, 2022 at 6:11 p.m. UTC

Sep 12, 2022

AbraBankCrypto-Backed LendingBanking RegulationUS

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

Policy

Regulations

US Bank Watchdog Says He’s Not Budging on Crypto Distrust

Michael Hsu, acting chief of the Office of the Comptroller of the Currency, is sticking to his guns on keeping most crypto activity out of the U.S. banking system.

By Jesse Hamilton

Sep 7, 2022 at 2:58 p.m. UTC

Sep 7, 2022

regulationsOCCBanking RegulationStablecoinsUS