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🇪🇺 EU regulators will investigate banks’ exposure to crypto
The probe aims to assess how legacy banks are connected to non-bank financial institutions (NBFIs), such as hedge funds, private equity, and crypto platforms. 🏦🔍
The FSB estimates NBFIs hold assets close to $218 trillion, dominating 46% of global assets, compared to traditional banks' $183 trillion. 💰
