About this document
Crypto-Asset Risks for Banking Organizations by Malcolm Pietersen is a document available to read on EtoBox.
The Federal Reserve, FDIC, and OCC issued a joint statement warning of risks to banks from crypto-asset activities. They note that recent crypto market volatility exposed vulnerabilities and risks including fraud, legal uncertainties, misrepresentations to customers, price volatility, stablecoin risks, contagion and concentration risks, immature risk practices, and cyber risks. The agencies will closely supervise any bank crypto activities and require robust risk management to ensure legal and safe practice
- Author
- Malcolm Pietersen
- Language
- EN