Australia's Prudential Regulation Authority ( APRAinfo ) has told banks to declare their exposure to startups and crypto-related business in the wake of recent collapses of crypto-friendly banks, the Australian Financial Review reported. By amitoj
The is an independent authority accountable to the Australian Parliament and is concerned with maintaining the safety and soundness of financial institutions to protect the interests of depositors and other stakeholders.
The APRA has"begun asking banks to declare their exposures – in some cases daily – to start-ups and crypto-focused ventures," AFR cited the sources as saying. The banks have also been told to"improve their reporting around crypto assets" as the APRA seeks to gain more insight into exposures and vulnerabilities in the system in the wake of theWhen contacted by CoinDesk, APRA referred to its statement last week that the regulator is intensifying supervision of the local banking industry and is seeking more information from them on any potential impacts.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SVB Financial says FDIC has seized almost $2 billion of its deposits: reportThe parent company of failed Silicon Valley Bank cannot access about $2 billion in its deposits to the bank because the company's accounts were frozen by...
Leer más »
Biden considered review of Elon Musk's Twitter purchase: reportThe Biden administration considered probing Elon Musk's Twitter purchase over national security concerns, report says
Leer más »
RBC names 5 global financial stocks to buy right now as banks sell offThe shares of one European financial company are expected to rise by more than 100% in the next 12 months, according to RBC.
Leer más »
ECB's Kazaks: Uncertainty in financial markets is high, but EU banks are well capitalizedEuropean Central Bank (ECB) policymaker Martins Kazaks said on Tuesday, “uncertainty in the financial markets is high, but European banks are well cap
Leer más »
Financial stocks in ‘the cheap seats’ as top banks widely underperform the sector, says DataTrekFinancial stocks have landed in the 'the cheap seats' alongside energy, with top banks appearing even cheaper than the financial sector after stress emerged...
Leer más »
Over 80 crypto firms eyeing presence in Hong Kong: Financial SecretaryHong Kong’s Secretary for Financial Services and the Treasury, Christian Hui stated that “over 80” crypto firms have “expressed interest” in establishing a presence in Hong Kong.
Leer más »