Basel Committee consults on bank crypto asset exposures

The Basel Committee on Banking Supervision published a consultative document to follow on from its prudential standard on the treatment of crypto asset exposures, which was finalized in December 2022.

It proposes a standardized disclosure table and set of templates for banks’ cryptoasset exposures with a proposed implementation date of 1 January 2025. Under the proposals, banks would be required to disclose qualitative information on their activities related to crypto assets and quantitative information on exposures to crypto assets and the related capital and liquidity requirements.

Banks would also be required to provide details of the accounting classifications of their exposures to crypto assets and crypto liabilities. The Committee expects that a common format for disclosures will support the exercise of market discipline and help to reduce information asymmetry between banks and market participants.

Read the consultation

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