For release at 10 am EST
Federal banking regulatory agencies today issued a joint statement highlighting liquidity risks for banking organizations associated with certain sources of funding for crypto-asset-related entities and some effective practices for managing those risks.
Recent developments in the crypto-asset industry have highlighted the potentially elevated liquidity risks posed by certain sources of funding for crypto-asset-related entities. The joint statement highlights key liquidity risks and some effective practices to properly monitor and manage those risks. The statement reminds banking organizations to apply existing risk management principles; it does not create new risk management principles.
Banking organizations are not prohibited or discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.
FDIC: PR-10-2023
