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Basel Committee Issues New Crypto Asset Warnings

CHRIS BRUMMER

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Basel Committee Issues New Crypto Asset Warnings

Pile of Bitcoin, related to Basel Committee statement on cryptocurrency
Image courtesy of CrowdFundInsider.com

The Basel Committee on Banking Supervision (BCBS) issued a statement on “crypto-assets,” highlighting that new financial products related to crypto have the potential to increase the risks to banks who engage in digital or crypto assets. The BCBS, an informal standard setting body, was established by central bank governors to cooperate on regulatory and supervisory matters.  The story is here.

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Chris Brummer joins European Securities and Markets Authority working group

CHRIS BRUMMER

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Chris Brummer joins European Securities and Markets Authority working group

Logo, European Security and Markets Authority
https://www.esma.europa.eu/

Minilateralism’s author, Chris Brummer, has been invited to join ESMA’s Consultative Working Group for the agency’s Financial Innovation Standing Committee.  The working group is designed to tap the expertise of market participants and academics who are involved in the topics related to financial innovation under ESMA’s remit (securities markets, market infrastructures, institutional and retail investors) and with a view to support ESMA’s objectives of investor protection, market integrity and financial stability.

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