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Banks' Crypto Businesses Shouldn't Escape Scrutiny, Enria Says

Banks' Crypto Businesses Shouldn't Escape Scrutiny, Enria Says
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Andrea Enria , Bloomberg Europe , Emily Nicolle , European Central Bank Supervisory Board , Basel Committee On Banking Supervision , European Parliament , European Central Bank , Supervisory Board , Basel Committee , Banking Supervision ,

ECB Chief Supervisor Pushes to Close Crypto Legal Loophole

The European Central Bank’s (ECB) chief supervisor, Andrea Enria, is calling for urgent action to fix a loophole in European Union (EU) rules that allows… ....

Andrea Enria , European Central Bank , European Union , Reaking News ,

EU loophole lets banks dodge ECB's crypto supervision, needs fixing -Enria

EU rules to protect the financial system from risks stemming from cryptocurrencies contain a loophole that allows banks to circumvent some safeguards and should be fixed urgently, the European Central Bank's chief supervisor Andrea Enria said on Tuesday. The cryptocurrency market is starting to bounce back a year after the collapse of exchange FTX and other big players in 2022 crushed prices, tarnished the industry and prompted a regulatory crackdown. Enria listed a number of challenges for European financial watchdogs as they prepare to tackle the crypto market using newly approved EU and global regulation set by the Basel Committee on Banking Supervision (BCBS). ....

Claudia Buch , Susan Fenton , Andrea Enria , Francesco Canepa , Basel Committee On Banking Supervision , Basel Committee , European Central Bank , Banking Supervision , Crypto Asset Regulation , Supervisory Board , Reporting By Francesco Canepa ,