European Supervisory Authorities (EBA, ESMA, EIOPA) warn consumers about high risks of crypto-assets, including extreme price volatility, fraud, lack of regulatory protection, and potential total loss of investments, urging caution in unregulated markets.
The European Banking Authority (EBA) today published an Opinion following the notification by the National Bank of Belgium (NBB) of its intention to activate a new systemic risk buffer (SyRB). The measure is introduced in light of the macroprudential risks in the Belgian economy related to the substantial level of systemic risk in banks’ mortgage portfolios and the related financial system vulnerabilities. The EBA does not object to the introduction of the measure.