FESE response to the EBA consultation on RTS on the calculation and aggregation of crypto exposure under CRR
On 8th April 2025, FESE responded to the EBA consultation on RTS on the calculation and aggregation of crypto exposure under the Capital Requirements Regulation (here).
In its response, FESE raised concerns about the risk of misaligned implementation of the Basel standards on the prudential treatment of crypto-asset exposures, which could lead to an uneven playing field between key jurisdictions. This misalignment might harm the competitiveness of European markets and discourage innovation. To address this, FESE strongly encourages the EBA to recommend that the Commission extend the transitional regime for the prudential treatment of crypto asset exposures under the Capital Requirements Regulation for at least another year, until January 2027. A cautious ‘wait-and-see’ approach would be the most prudent way forward until there is international consensus on how to implement the reforms. As a result, FESE suggests the EBA postpone finalisation of the RTS on the prudential treatment of crypto asset exposure until there is greater clarity on how similar frameworks will be developed and implemented in other major jurisdictions.