Federal bank regulatory agencies today issued a joint statement highlighting liquidity risks to banking organizations associated with certain sources of funding from crypto-asset-related entities and some effective practices to manage those risks.
Agencies Issue Joint Statement on Liquidity Risks Resulting from Crypto-Asset Market Vulnerabilities https://t.co/WS9s1sfQRC
— OCC (@USOCC) February 23, 2023
Recent events in the crypto-asset sector have underscored the potential heightened liquidity risks presented by certain sources of funding from crypto-asset-related entities. The joint statement highlights key liquidity risks and some effective practices to monitor and appropriately manage those risks. The statement reminds banking organizations to apply existing risk management principles; it does not create new risk management principles.
Banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.
Related Link
Source: OCC
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
WisdomTree has listed a physically backed crypto ETP tracking Solana.
-
The crypto venue has launched 24/7 futures trading in the U.S.
-
All of Cboe’s U.S. futures products now trade on one exchange, powered by one technology platform.
-
The crypto exchange and custodian founded by Winklevoss twins has filed to go public.
-
The UK regulator's ban on retail access to crypto derivatives will remain in place.