Major banking authorities continue to ratchet up guidance for crypto.
saying deposits from crypto firms posed "heightened liquidity risk" to banks given the nature of the sector in which they reside.: The latest guidance from the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency appears to address crypto's credit crisis that led to waves of customer withdrawals and multiple bankruptcies.
They warned that this presented heightened liquidity risks for banks, "due to the unpredictability of the scale and timing of deposit inflows and outflows." So it's up to banks to understand the risks associated with their counterparty , in addition to "assessing potential concentration or interconnectedness across deposits."Dante Disparte, chief strategy and policy officer for Circle, emphasizedOf note
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