Featured Product

    IOSCO Issues Statement on Concerns Related to Initial Coin Offerings

    January 18, 2018

    IOSCO issued a communication on concerns related to the Initial Coin Offerings (ICOs). In its meeting during October 18–19, 2017, the IOSCO Board discussed the growing usage of ICOs to raise capital as an area of concern. Following this meeting, IOSCO issued a statement to its members on the risks of ICOs, also referencing various approaches to ICOs taken by members and other regulatory bodies. IOSCO has also made available a sample of communications issued by authorities in several jurisdictions. Additionally, the IOSCO Board has established an ICO Consultation Network, through which members can discuss their experiences and bring their concerns, including any cross-border issues, to the attention of fellow regulators.

    ICOs, also known as token sales or coin sales, typically involve the creation of digital tokens—using distributed ledger technology—and their sale to investors by auction or through subscription, in return for a crypto-currency such as Bitcoin or Ether. The IOSCO Communication states that these offerings are not standardized and their legal and regulatory status is likely to depend on the circumstances of the individual ICO. There are clear risks associated with these offerings. ICOs are highly speculative investments in which investors are putting their entire invested capital at risk. There have also been instances of fraud and investors are reminded to be very careful in deciding whether to invest in ICOs.  

     

    Related Links

    Keywords: International, Securities, Initial Coin Offerings, Risk, IOSCO

    Related Articles
    News

    APRA Issues Operational Risk Rules, Consults on Reporting Requirements

    APRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.

    December 11, 2019 WebPage Regulatory News
    News

    APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%

    APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.

    December 11, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting by Banks

    EBA published a revised list of validation rules in its implementing technical standards on supervisory reporting.

    December 10, 2019 WebPage Regulatory News
    News

    SRB Holds Annual Conference, Reflects on Turning Policy into Action

    SRB published a report on its fourth annual conference that was held on October 10, 2019 in Brussels.

    December 10, 2019 WebPage Regulatory News
    News

    FED Extends Consultation Period for Capital Requirements for Insurers

    FED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.

    December 10, 2019 WebPage Regulatory News
    News

    OSFI Sets Domestic Stability Buffer Level at 2.25%

    OSFI has set the Domestic Stability Buffer, or DSB, at 2.25% of total risk-weighted assets, with effect from April 30, 2020.

    December 10, 2019 WebPage Regulatory News
    News

    FSB Examines Financial Stability Aspects of Bigtech and Cloud Services

    FSB published two reports that consider the financial stability implications from the offering of financial services by bigtech firms and the adoption of cloud computing and data services across a range of functions at financial institutions.

    December 09, 2019 WebPage Regulatory News
    News

    HKMA Proposes Changes to Module on Supervision of Concentration Risk

    HKMA issued a circular proposing revisions to the Supervisory Policy Manual module CR-L-1 on consolidated supervision of concentration risks under the Banking (Exposure Limits) Rules (BELR) Rule 6.

    December 09, 2019 WebPage Regulatory News
    News

    BoE Updates XBRL Filing Manual for Reporting Under Solvency II

    BoE has updated the XBRL filing manual (to Version 5.0) to help firms and software vendors create XBRL instance documents for Solvency II Pillar 3 and BoE Insurance reporting.

    December 09, 2019 WebPage Regulatory News
    News

    APRA Specifies Capital Treatment of Equity Investments in ABGF

    APRA published a letter to the authorized deposit-taking institutions outlining the regulatory capital treatment of their equity investments in the Australian Business Growth Fund (ABGF).

    December 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4301