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Basel Committee releases final disclosure framework for banks’ crypto assets

Basel Committee releases final disclosure framework for banks’ crypto assets

Bitget2024/07/18 23:27

According to Mars Finance, the Basel Committee on Banking Supervision has officially released the final disclosure framework for banks' crypto asset risks and revised the standards for certain stablecoins to receive preferential regulatory treatment to "strengthen standards." These standards will take effect on January 1, 2026. The updates are intended to enhance transparency and ensure a consistent regulatory approach in the rapidly evolving digital asset field.

According to the committee's statement, the new disclosure framework (called DIS55) requires banks to provide detailed information about their crypto activities through standardized forms and templates. In addition, the framework requires banks to share how they assess risks and classify these assets, and also provide data on their crypto asset exposure and related capital requirements, including accounting classification and liquidity demand information for these assets.

The revised guidelines also tightened the standards for certain stablecoins to receive "Group 1b" preferential regulatory treatment, aiming to clarify the regulatory framework and promote consistent understanding of standards across jurisdictions. The Basel Committee emphasized that it will continue to pay attention to the development of the crypto asset market and adjust its regulatory framework as needed to address emerging risks.

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