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Basel Committee Greenlights Disclosure Framework for Banks’ Crypto Exposure
The Basel Committee on Banking Supervision announced yesterday that they have officially approved a final disclosure framework for banks to report their exposure to crypto assets.
This framework includes a standardised set of tables and templates and will be effective from 1 January 2026.
The initial proposal was made in December 2022 and was open for comments in May 2023. The revised framework, which includes changes to the prudential standard for stablecoin holdings, will be published later this month.
The goal of these revisions is to promote a consistent understanding of the standard, particularly in regards to the preferential treatment of stablecoins in the regulatory category “Group 1b.”