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Commentary by Steven Lofchie

The American Bankers Association, the Bank Policy Institute, the Financial Services Forum, the Institute of International Bankers and SIFMA countered the arguments made by Federal Reserve Board Vice Chair Michael S Barr in support of a proposal to implement the Basel agreement.

Commentary by Steven Lofchie

In extensive comments, the GFMA, FIA, the Institute of International Finance, ISDA, the Bank Policy Institute, the International Capital Markets Association and the Financial Services Forum expressed support for the Basel Committee on Banking Supervision design of a prudential framework for the treatment of cryptoasset exposures.

ISDA CEO Scott D. O'Malia welcomed the latest consultation on the prudential treatment of banks' crypto-asset exposures published by the Basel Committee, highlighting its "conservative approach" to risk, "rather than simply imposing onerous capital requirements."