The European Banking Authority will deepen its investigation into the links between banks and crypto entities

According to the European Banking Authority (EBA), which regulates stress tests on EU banks, additional measures will be taken to predict how stress on non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect lending institutions. EBA Chairman José Manuel Campa said in an interview that concerns about the spread of the crisis prompted the need to "dig deeper into the connections between banks and other financial institutions. We should do more, and we will do more. We need to understand the entire potential chain of non-bank financial institutions." Non-bank financial institutions are said to hold around $219 trillion in assets, almost half of the world's financial assets. (Financial Times)