• Latest
  • Trending
BoE Urges Regulators; Keep Up with Crypto As It Is “Increasingly Integrated Into The Financial System”

BoE Urges Regulators; Keep Up with Crypto As It Is “Increasingly Integrated Into The Financial System”

October 9, 2021

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

June 30, 2022
Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

June 30, 2022
NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

June 30, 2022
Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

June 30, 2022
Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

June 30, 2022
Interlay (INTR) Trading Starts June 30 – Deposit Now

Interlay (INTR) Trading Starts June 30 – Deposit Now

June 30, 2022
Announcing the Relay VSCode extension | by Coinbase | Jun, 2022

Announcing the Relay VSCode extension | by Coinbase | Jun, 2022

June 30, 2022
Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

June 30, 2022
What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

June 30, 2022
  • Contact Us
  • Privacy Policy
Thursday, June 30, 2022
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

BoE Urges Regulators; Keep Up with Crypto As It Is “Increasingly Integrated Into The Financial System”

Automatic by Automatic
October 9, 2021
in Crypto Technical Analysis, Top News
0
BoE Urges Regulators; Keep Up with Crypto As It Is “Increasingly Integrated Into The Financial System”
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Legal & Regulation

BoE Urges Regulators to Keep Pace with Crypto As It Becomes “Increasingly Integrated Into The Financial System”

While noting that crypto assets “continue to grow and to develop rapidly” while their effect on the UK financial system is limited, the report also covers elevated asset prices due to “‘search for yield’ and higher risk‐taking in a low-interest rate environment.”

The Bank of England said on Friday that crypto assets are becoming more and more integrated into the financial system of the UK. While they do not pose a major risk yet, the central bank calls for increased regulation as they continue to grow and develop rapidly.

“Crypto asset markets continue to grow rapidly but currently pose limited risk to UK financial stability,” said the Financial Policy Committee (FPC) of BoE.

In its Financial Stability report, the Committee then went on to say,

“Regulation needs to develop quickly enough, both domestically and at a global level, to address the risks they could pose in the future.”

Taking a stronger approach than in July, the bank also warned of a “spillover” into traditional markets while noting that interest from institutional investors and banks was a concern.

“The FPC considers that financial institutions should take a cautious and prudent approach to any adoption of these assets.”

FPC pledged to continue to pay close attention to the nascent sector and the relationship between crypto-assets and the UK financial sector.

This year regulators have increased their scrutiny of the cryptocurrency sector, especially stablecoins, as just this week BIS consulted on its proposed rules that they should follow the same principles as banks.

Increased Risk-Taking

In its report, the Committee further talked about “higher leverage and greater risk-taking abroad,” increasing the risk of losses for UK institutions on their foreign exposures.

While Evergrande Group’s ability to meet its financial obligations could have “potential spillovers internationally,” the UK banking system, it said, is resilient to the direct effects of a severe downturn in China and sharp adjustments in global asset prices.

As for increased risk-taking in global financial markets, the FPC found it to be elevated in several markets relative to historic levels.

It noted that ever since the central bank cut interest rates and undertook asset purchases to combat COVID effects, risky asset prices have increased, and their valuations elevated relative to historical norms.

“This partly reflects the improved economic outlook, but may also reflect a ‘search for yield’ and higher risk‐taking in a low interest rate environment.”

If these valuations are to correct shapely in case market participants re‐evaluate the prospects for growth, inflation, or interest rates, such a correction can further be amplified by vulnerabilities that were exposed in March last year, it added.

“This could have consequences for market functioning and financial conditions, and hence the real economy.”

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

June 30, 2022
Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

June 30, 2022
ShareTweetShareShare
Previous Post

Survivorship bias has led to an imbalance in the crypto ecosystem

Next Post

Bitcoin Back To $64K?, Why The Bulls Have The Winning Edge

Related Posts

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

by Automatic
June 30, 2022
0

AMSTERDAM, NORTH HOLLAND, THE NETHERLANDS, June 28, 2022 (GLOBE NEWSWIRE) — The international innovation team IamFuture is unfazed by the...

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

by Automatic
June 30, 2022
0

Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until...

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

by Automatic
June 30, 2022
0

Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical...

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

by Automatic
June 30, 2022
0

Alex Dovbnya Grayscale Bitcoin Fund's discount has hit a record at 35% Shares of Grayscale Bitcoin Trust (GBTC) started trading...

Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

by Automatic
June 30, 2022
0

StocksThese stocks have low payout ratios, meaning that their dividends are well covered by earningsPhoto by Mikhail NilovThese dividend stocks...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store

Top News

Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9

Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight

SHIB to List on DeFi Exchange Parex Tomorrow

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT