Global regulators consult on crypto bank capital rules
June 30 (Reuters) -
* BASEL COMMITTEE PUBLISHES SECOND CONSULTATION DOCUMENT ON PRUDENTIAL TREATMENT OF BANKS' CRYPTOASSET EXPOSURES
* BASEL SAYS UNBACKED CRYPTOASSETS AND STABLECOINS WITH INEFFECTIVE STABILISATION MECHANISMS CONTINUE TO BE SUBJECT TO A CONSERVATIVE PRUDENTIAL TREATMENT
* BASEL SAYS GIVEN RAPID EVOLUTION AND VOLATILE NATURE OF CRYPTOASSET MARKET, COMMITTEE WILL CONTINUE TO CLOSELY MONITOR DEVELOPMENTS DURING CONSULTATION PERIOD.
* BASEL SAYS STANDARDS THAT COMMITTEE AIMS TO FINALISE AROUND YEAR-END MAY BE TIGHTENED IF SHORTCOMINGS IN CONSULTATION PROPOSALS ARE IDENTIFIED OR IF NEW RISK ELEMENTS EMERGE, Source text for Eikon: ID: Further company coverage: [ ] (Reporting By Huw Jones)
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