The Basel Committee on Banking Supervision, a key global regulator under the Bank for International Settlements, has greenlit a new disclosure framework aimed at enhancing transparency around banks’ exposure to cryptocurrencies. This initiative, scheduled for implementation by early 2026, seeks to bolster market discipline and ensure robust risk assessment capabilities.
In a press release issued on Wednesday, the committee announced the finalization of the framework, which includes comprehensive public tables and templates. These tools are designed to provide qualitative insights into banks’ crypto activities and quantitative data on their crypto asset exposures.
The committee’s decision follows a consultation phase initiated in December 2022, where feedback was solicited from stakeholders. The approved framework mandates banks to disclose detailed information, offering clarity on their involvement with cryptocurrencies.
Additionally, the committee has endorsed targeted revisions to the existing prudential standard for crypto assets. These revisions aim to foster a consistent interpretation of the standard, particularly concerning the regulatory treatment criteria for stablecoins categorized under ‘Group 1b.’
“The updated standard, set to be released later this month, will further refine guidelines and must be adopted by banks by the beginning of 2026,” the committee affirmed in its release.
This move underscores a proactive approach by global financial regulators to address the evolving landscape of digital assets, emphasizing the importance of informed risk management and regulatory alignment in the banking sector.
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