The UK’s Prudential Regulation Authority (PRA) has published a request to collect data regarding firms’ exposures to tokenised assets, stablecoins, and other cryptoassets. The information gathered is expected to reveal firm’s practical applications of the Basel framework for the prudential treatment of cryptoassets by the Basel Committee on Banking Supervision (BCBS).
The data collected will inform work related to cryptoassets across the PRA and Bank of England (BoE). It will be used to calibrate the prudential treatment of cryptoasset exposures, analyse the relative costs and benefits of different policy options and provide an updated view of firms’ current and intended cryptoasset related business activities as a base from which to monitor the financial stability implications of these assets.
The data collection questionnaire is only applicable to firms under PRA supervision and should be completed “to the extent that it is relevant to their business, exposures or activities”. The deadline for submission is 24 March 2025.
