Banking Agencies

Definition ∞ Banking agencies are governmental bodies responsible for supervising and regulating financial institutions, including banks and credit unions. Their primary roles include ensuring the safety and soundness of the banking system and protecting consumers. Examples include central banks and financial conduct authorities. These agencies establish rules for financial operations and compliance.
Context ∞ Banking agencies worldwide are increasingly focused on the integration of digital assets and blockchain technology into traditional financial systems. News frequently reports on their guidance, warnings, and proposed regulations concerning stablecoins, crypto custody, and bank involvement with digital asset services. Their actions significantly shape the regulatory landscape for cryptocurrencies, influencing how banks interact with this evolving asset class and managing associated risks.