On 8 January 2025, the European Banking Authority (“EBA”) published draft regulatory technical standards (“RTS”) specifying the technical elements necessary for credit institutions and investment firms to calculate the own funds requirements for exposures to crypto-assets.
The RTS concern exposures to crypto-assets as defined in Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 (“MiCAR”). The draft RTS has been developed on the basis of the delegation contained in Article 501d(5) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 as amended by Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the minimum capital threshold. The consultation process will last until 8 April 2025.
More details and the content of the consultation document can be found at the following link:
https://www.eba.europa.eu/publications-and-media/press-releases/eba-consults-draft-technical-standards-prudential-treatment-crypto-assets-exposures-under-capital