Topic: Basel

Circle sets sights on federal charter

US fintech Circle is attempting to obtain a US federal bank charter, citing frustrations at third party chains slowing its operations.

11 August 2021

FSB official casts doubt on functionality of G20 reforms during pandemic

The Financial Stability Board’s secretary general Dietrich Domanski has said the pandemic has shown that certain elements of the post-financial crisis reforms may not be working as intended and “warrant further examination”.

22 July 2021

­Disclosure requirements around NPLs should increase, EC says

The European Commission has called for greater transparency around non-performing loan exposures in order to foster investor buy-up.

17 June 2021

Basel urges strict “cliff edge” two-tier cryptoasset regulation

Banks with cryptoasset exposure will be heavily regulated – and have to maintain the full value of crypto held – under new proposals from the Basel Committee, which predict increasing risk to banks from the volatile assets.

14 June 2021

BIS and Bank of Russia make market infrastructure appointments

Russia’s central bank has created a new department to regulate market infrastructure providers, while the Bank for International Settlements has named Federal Reserve alum Tara Rice as the new head of its committee on payments and market infrastructures.

29 May 2020

BIS hires in Basel and Hong Kong

The Bank for International Settlements has hired a new deputy head of banking, and a head for its new innovation hub’s Hong Kong office.

22 May 2020

Basel crypto-asset proposals criticised as “effectively prohibitive”

Respondents to the Basel Committee’s consultation on the prudential treatment of crypto-assets have warned that its draft proposals risk pushing banks out of the market altogether.

27 March 2020

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