October 2022
KPMG Insights. The reports on the financial stability risks of digital assets, which follow on from multiple other recently released reports (see KPMG Regulatory Alert, here), show the ongoing focus of regulators and standards setters in the U.S. and globally to understand and assess the risks associated with these novel assets, and to appropriately build a regulatory and supervisory framework. As in other reports, these reports reiterate recommendations that regulatory and law enforcement agencies continue to use their existing authority to address current and emerging risks and recognize that legislation may be required in areas related to stablecoins and central bank digital currencies (CBDCs).
Crypto and Digital Assets: FSOC, NY Fed Reports on Financial Stability Implications
Detailed reports on the financial stability risks of digital assets
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Crypto & Digital Assets: FSOC, NY Fed Reports on Financial Stability Implications
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Amy S. Matsuo
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Principal Advisory, Financial Services Risk, Regulatory & Compliance, KPMG US
Amy S. Matsuo
Principal, U.S. Regulatory Insights & Compliance Transformation Lead, KPMG LLP
Damian Plioplys
Principal Advisory, Financial Services Risk, Regulatory & Compliance, KPMG US