Canada's financial regulator on Wednesday proposed changes to its capital and liquidity approach to crypto-assets, citing a risky environment and in response to international banking standards.
The Office of the Superintendent of Financial Institutions said guidelines were for federally regulated deposit-taking institutions, that includes banks and credit unions, and another for insurers, on the regulatory capital treatment of crypto-asset exposures.
OSFI's Superintendent Peter Routledge said banks and insurers need clarity on how to treat crypto-asset exposures when it comes to capital and liquidity and the regulator looks to provide clarity through the new guidelines. The two draft guidelines will be open for public consultation until Sept. 20 and is expected to come into effect in early 2025.
The new guidelines will replace the interim advisory on the regulatory treatment of crypto-asset exposures, published in August 2022, OSFI said. The regulator in June raised the amount of capital the country's biggest lenders must hold as a stability buffer by 50 basis points to 3.5%, citing rising borrowing costs, high debt levels and stress on the financial system.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Hunter Biden's Wednesday plea could accelerate new criminal investigationPresident Joe Biden's son has agreed to plead guilty to two misdemeanor tax offenses and to enter a pretrial diversion program to avoid prison time on a felony gun charge, though questions linger about whether the first son's legal woes are over.
Consulte Mais informação »
Here's what to expect from the Federal Reserve meeting WednesdayThe Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022.
Consulte Mais informação »
Severe weather could threaten Chicago area with storms possible WednesdayWhile most of the focus for the coming week has been on the extreme heat facing the Chicago area, a threat of showers and thunderstorms, some of which could be severe, is also emerging for a midweek arrival.
Consulte Mais informação »
Japan vs. Costa Rica prediction: Women’s World Cup match Wednesday will be a blowoutOddsmakers are overcorrecting on the lack of blowouts in the Women’s World Cup.
Consulte Mais informação »
RAGBRAI turns 50 in Iowa, expects 70K riders WednesdayThe annual RAGBRAI bike ride across Iowa turns 50 this month, and 70,000 riders are expected to take part in the journey Wednesday.
Consulte Mais informação »
House hearing set for Wednesday on UAPsFor those with serious interest in otherworldly things, don’t forget: The House Oversight subcommittee on National Security, the Border and Foreign Affairs will hold a hearing titled “Unidentified Anomalous Phenomena: Implications on National Security, Public Safety, and Government Transparency” at 10 a.m. Wednesday on Capitol Hill. The committee is investigating the increase in sightings of UAPs — or UFOs, if you prefer — and the impact this has on national security, among other things.
Consulte Mais informação »