PANews reported on December 13 that according to Cointelegraph, the Bank of England regulator requires companies to disclose their current and future risk exposure to cryptocurrencies by March next year to monitor stability and assist in policy making. On December 12, the Prudential Regulation Authority (PRA) asked companies to share their crypto asset risk exposure information in a statement and explain how to use the Basel framework for supervision. The PRA pointed out that this will provide information for crypto asset-related work, help calibrate prudential supervision and analyze the costs and benefits of policy options. By collecting this information, the PRA hopes to monitor the impact of crypto assets on financial stability and ask companies to consider future plans as of September 30, 2029. The questionnaire covers key areas such as how companies use the Basel framework to manage risk exposure, hold crypto assets, and whether to use unlicensed blockchains, and points out that unlicensed blockchains have risks such as no final settlement and settlement failure, which cannot be fully mitigated at present, but are still under review.
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