Crypto-assets do not pose a material risk to global financial stability at this time

On 16 July 2018, the Financial Stability Board (FSB) issued its report on crypto-assets. The report gives an overview of the work undertaken by the FSB and other standard setting bodies with respect to crypto-assets and Initial Coin Offerings (ICOs).

Specifically, it is noted:

  • that the FSB finds that crypto-assets do not at this time pose a material risk to global financial stability but will support the monitoring of this high paced new market;
  • that the International Organization of Securities Commissions (IOSCO) has established an ICO Consultation Network;
  • and that the Basel Committee on Banking Supervision (BCBS) is quantifying the materiality of banks’ direct and indirect exposures to crypto-assets.

The full report is available here.

Our FinTech Task Force across Rooney Nimmo’s international offices monitors the global developments on crypto-assets and ICOs. Get in touch here if we can be of any assistance.


Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

Insight Search

Insight Topics

Keep in touch

Recent Posts

Related Articles


Scroll to Top