Computers and money: the work of the Basel Committee on cryptoassets
12 May 2022 · Pablo Hernández de Cos , Chair of the Basel Committee on Banking Supervision (International)
Summary written by Dark Majestic in its own words · topics: banking regulation and supervision , payments, digital money and crypto-assets , technology, ai and cyber risk
PH 12 May 2022 · Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision Wiki Computers and money: the work of the Basel Committee on cryptoassets Context Keynote speech by Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision and Governor of the Bank of Spain, at the 36th Annual General Meeting of the International Swaps and Derivatives Association, Madrid, 12 May 2022.
Why it matters The Basel chair explains how bank rules for crypto-assets are designed.
Problems raised Crypto-assets are a new risk. Trading book rules were weak. Historical data on crypto is lacking. Solutions proposed Implement the revised market risk framework. Design prudent crypto rules. Reflect knowledge limits in calibration. Read full speech on bis.org ↗ More from Pablo Hernández de Cos · Basel Committee on Banking Supervision · all speeches
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