ESRB report on crypto-assets and the recommendation on stablecoins

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ECB EVENT

ESRB Report on Crypto-Assets and the Recommendation on Stablecoins

📅 Date
13 November 2025
🕐 Time
14:30-15:45

Francesco Mazzaferro, Head of the ESRB Secretariat, Professor Richard Portes, Co-Chair of the ESRB Crypto-Assets Task Force, and Anton van der Kraaij, Head of the ECB's Financial Regulation and Policy Division, will present the ESRB report on crypto-assets and the recommendation on stablecoins.

The report and the recommendation were published by the European Systemic Risk Board (ESRB) on 20 October 2025. The recommendation seeks to address systemic risks arising from third-country multi-issuer stablecoin schemes. Such schemes facilitate the access of global stablecoins to the European market and create issues for an effective enforcement of the EU regulatory framework for crypto-assets, MiCAR.

Speakers

Francesco Mazzaferro, Head of the ESRB Secretariat, European Systemic Risk Board

Francesco MAZZAFERRO

Head of the ESRB Secretariat

European Systemic Risk Board

Professor Richard Portes, Co-Chair of the ESRB Crypto-Assets Task Force, London Business School

Professor Richard PORTES

Co-Chair of the ESRB Crypto-Assets Task Force

London Business School

Anton van der Kraaij, Head of the Financial Regulation and Policy Division, European Central Bank

Anton VAN DER KRAAIJ

Head of the Financial Regulation and Policy Division

European Central Bank

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European Central Bank (ECB)
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