Bloomberg expands crypto risk analytics for banks, asset managers

Bloomberg said it has incorporated the Basel Committee on Banking Supervision’s crypto prudential standards into its cryptocurrency investment risk analytics service for banks and asset managers.

The update allows financial institutions to identify and classify risk exposure not only from directly held cryptocurrencies, but also from indirect crypto investments made through funds, stocks, and derivatives. Users can also review the basis for each asset classification, with the related data available through the Bloomberg Terminal and the company’s enterprise data services.

Source: Coinness