EU Regulators Mark Path to “Platformization” Policy
Advancing work on an issue barely touched in the U.S., the European Banking Authority (EBA) today announced a supervisory agenda aimed at “platformization” – i.e., the increasing integration of finance with technology or other nonbank delivery platforms.
Basel Plans Climate-Risk Consultation, Defers Digitalization Decisions
The Basel Committee today announced that it discussed climate-related financial risks at its recent meetings, now developing a set of climate-risk supervisory practices for consultation later this year.
Hsu Highlights Crypto’s Systemic, Structural, Equality Risks
OCC Acting Comptroller Hsu today picked up the point in Karen Petrou’s recent op-ed: cryptocurrencies may well pose risks to those least able to bear them.