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The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 16 December to endorse a finalised prudential standard on banks' cryptoasset exposures and the Committee's work programme and strategic priorities for 2023–24.
<ul> <li>The Basel Committee's oversight body endorses a global prudential standard for banks' exposures to cryptoassets, for implementation by 1 January 2025.</li> <li>Endorses the Committee's work programme and strategic priorities for 2023–24.</li> <li>The programme prioritises work on emerging risks and vulnerabilities, digitalisation, climate-related financial risks and Basel III implementation.</li> </ul>