Banks face heightened risks from crypto firm deposits -Fed´s Barr
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작성자 Hildred Napier 댓글 0건 조회 206회 작성일 22-11-15 04:45본문
Oct 12 (Reuters) - Banks that accept deposits from cryptocurrency companies should be aware of increased liquidity risks, Selot5000 particularly if firms are highly interconnected with other digital asset businesses, said Michael Barr, the Federal Reserve's vice chair of supervision, on Wednesday.
Barr said the Fed is working with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp to warn that banks could experience deposit fluctuations linked to broader
crypto market developments
.
"The recent volatility in crypto markets has demonstrated the extent of centralization and interconnectedness among crypto-asset companies, which contributes to amplified stress," he said.
"While banks were not directly exposed to losses from these events, these episodes have highlighted potential risks for banking organizations."
Read more:
EXPLAINER-EU agrees rulebook for 'Wild West' crypto markets
(Reporting by Hannah Lang in Washington; Editing by Lisa Shumaker)
Barr said the Fed is working with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp to warn that banks could experience deposit fluctuations linked to broader
crypto market developments
.
"The recent volatility in crypto markets has demonstrated the extent of centralization and interconnectedness among crypto-asset companies, which contributes to amplified stress," he said.
"While banks were not directly exposed to losses from these events, these episodes have highlighted potential risks for banking organizations."
Read more:
EXPLAINER-EU agrees rulebook for 'Wild West' crypto markets
(Reporting by Hannah Lang in Washington; Editing by Lisa Shumaker)
