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EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT

Concerns over contagion have triggered the need to "dig deeper into the links between banks and other financial firms," José Manuel Campa, the chair of the EBA told the FT.

Автор Amitoj Singh|Редактор Sheldon Reback
Обновлено 8 мар. 2024 г., 7:19 p.m. Опубликовано 3 янв. 2024 г., 8:57 a.m. Переведено ИИ
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The European Banking Authority (EBA), the regulator that conducts stress tests on European Union banks, will take additional steps to predict how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect the lenders, according to the Financial Times.

Concern over contagion has triggered the need to "dig deeper into the links between banks and other financial firms," José Manuel Campa, EBA chair, said in an interview with the FT. "We should be doing more and we are going to be doing more. We need to have an understanding of the whole underlying chain in NBFIs.”

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According to the FT report, NBFIs hold around $219 trillion, almost half of the world's financial assets.

The EBA has already taken some action to address the role crypto may play in stressing the system. In November, it published draft rules on liquidity and capital requirements for stablecoin issuers in line with the EU's new Markets in Crypto Assets (MiCA) regulation. It has also proposed rules that would see individuals with stakes of more than 10% in a crypto company vetted for convictions or sanctions and told crypto companies to watch for customers using privacy coins or self-hosted wallets to spot potential money laundering.

The EBA conducts biennial stress tests on European lenders and assessments of the banks' balance sheet exposures to non-banks, Campa said. The latest move would be to work with the European Systemic Risk Board and Financial Stability Board to understand the impacts of a "shadow banking shock" to the wider system, the report said.

Read More: EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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U.S. CFTC's Pham Moves for Do-Over on 'Actual Delivery' Guidance on Crypto

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

In what are likely her final days at the agency, the acting chairman checked another box from President Donald Trump's crypto agenda.

Cosa sapere:

  • One of the leading U.S. regulators for crypto activity, the Commodity Futures Trading Commission, has scrapped its earlier definition for how assets change hands in a crypto commodities transaction.
  • Acting Chairman Caroline Pham said the earlier guidance on "actual delivery" was withdrawn as part of President Donald Trump's efforts to create friendly crypto policies.