On October 17, 2023, the Basel Committee on Banking Supervision released a consultative document concerning the disclosure of cryptoasset exposures by banks, seeking public feedback until January 31, 2024. The document is accessible on the BIS website. This comes following the Committee’s publication in December 2022, titled “Prudential Treatment of Cryptoasset Exposures”, which introduced prudential requirements for banks dealing with cryptoassets, set to be enforced starting January 1, 2025.
Standardized Disclosure Templates
To ensure uniformity in disclosures, the Committee has devised standardized disclosure templates encapsulated in a new chapter of the Basel Framework, DIS55 – Cryptoasset Exposures. These templates embody the disclosure requirements outlined in paragraphs SCO60.128 to …
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