Board of Governors of the Federal Reserve Machine
Federal Deposit Insurance Company
Put of job of the Comptroller of the Currency
Federal bank regulatory agencies on the present time issued a joint observation highlighting liquidity risks to banking organizations linked to determined sources of funding from crypto-asset-linked entities and some effective practices to manage these risks.
Recent occasions within the crypto-asset sector comprise underscored the aptitude heightened liquidity risks equipped by determined sources of funding from crypto-asset-linked entities. The joint observation highlights key liquidity risks and some effective practices to discover and precisely handle these risks. The observation reminds banking organizations to apply existing threat management suggestions; it does no longer win new threat management suggestions.
Banking organizations are neither prohibited nor uncomfortable from offering banking services and products to potentialities of any explicit class or kind, as permitted by regulation or regulation.