EU institutions have reached a provisional agreement on amendments to the bank capital regulation, including capital requirements for crypto assets

ChainCatcher news, negotiators from the European Parliament, the Council, and the European Commission have reached a provisional agreement on amendments to the Capital Requirements Regulation (CRR) and the Capital Requirements Directive (CRD). In order to address potential risks, Members of the European Parliament also ensured that banks must disclose their risk exposure to crypto assets and set capital requirements for crypto assets until the Commission presents specific legislative proposals.

This provisional political agreement also needs to be approved by the Economic and Monetary Affairs Committee, followed by a plenary vote, and then it can take effect after the Council approves the agreement. (Source link)