1 year ago
The U.S. Federal Deposit Insurance Corp. added crypto arsenic 1 of 5 wide categories this twelvemonth successful its yearly hazard report, a snapshot of the dangers the banking regulator considers a apical precedence astatine the moment.
The 2023 Risk Review, which mostly looked backmost astatine crypto’s turbulent 2022, says the bureau is prepared to prosecute successful “robust supervisory discussions” with the depository institutions it oversees.
“As warranted, the FDIC volition contented further statements related to engagement by banking organizations successful crypto-asset-related activities,” it said.
The study makes nary caller policy, and it adds to the accordant presumption from U.S. banking agencies – including the Office of the Comptroller of the Currency and the Federal Reserve – that banks should mostly support their region from integer assets, unless their national regulators are comfy with the circumstantial activity.
Last week, the Fed announced a caller supervisory program that would see crypto oversight for the slope holding companies it oversees.
Several crypto-friendly banks collapsed earlier this year, including Silvergate, Signature and Silicon Valley Bank, the second of which became the third-largest slope illness successful U.S. history.
English (US) 