Swiss Regulator Imposes 800% Risk Weighting for Bank Crypto Trading

Swiss Regulator Imposes 800% Risk Weighting for Bank Crypto Trading


The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks dealing in cryptoassets to apply a risk weighting of eight times their market value  when calculating loss-absorbing capital buffers. In a confidential letter seen by swissinfo.ch, the regulator also imposed a 4 percent cap on crypto positions as a percentage of total capital held by banks,

The post Swiss Regulator Imposes 800% Risk Weighting for Bank Crypto Trading appeared first on CCN

Posted by David Hundeyin on November 5, 2018 @ https://www.ccn.com/swiss-regulator-imposes-800-risk-weighting-for-bank-crypto-trading/

Comments are closed.