BIS: Basel Committee Consults On Prudential Treatment Of Cryptoasxposures Date
10/06/2021
Basel Committee issues public consultation on preliminary proposals for the prudential treatment of banks cryptoasset exposures.
The proposals split cryptoassets into two broad groups: those eligible for treatment under the existing Basel Framework with some modifications; and others, such as bitcoin, are subject to a new conservative prudential treatment.
The Committee invites submissions on the proposals by 10 September.
The Basel Committee on Banking Supervision today issued a public consultation on preliminary proposals for the prudential treatment of banks cryptoasset exposures. While banks exposures to cryptoassets are currently limited, the continued growth and innovation in cryptoassets and related services, coupled with the heightened interest of some banks, could increase global financial stability concerns and risks to the banking system in the absence of a specified p