Today news
About the same in other media
U.S. Regulators Warn Banks of Heightened Liquidity Risks in Crypto-Related Deposits
Reading now: 653
WASHINGTON—A trio of regulators including the Federal Reserve warned banks to be mindful of liquidity risks related to cryptocurrencies, the latest move by U.S. officials to limit the economy’s vulnerability to the tumultuous market.
The Fed, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. said in a joint statement Thursday that banks should apply effective risk management when dealing with deposits linked to crypto entities. These include robust due diligence and monitoring of crypto entities that establish deposit accounts, as well as incorporating the potential volatility of those deposits into routine stress tests.
Read more on wsj.comAbout this in other media
Past U.S. Industrial Policy Offers Lessons, Risks for Chips Program wsj.com /1 year ago
Past U.S. Industrial Policy Offers Lessons, Risks for Chips Program wsj.com /1 year ago
Past U.S. Industrial Policy Offers Lessons, Risks for Chips Program wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
