The Basel Committee on Banking Supervision approved a disclosure framework for banks' exposure to crypto that must be implemented by the start of 2026 as the world's central banks look to support market discipline and ensure sufficient information is available to evaluate risks.
The committee, part of the Bank for International Settlements, will publish details later this month, it said in a WednesdayThe committee finalized the framework, which comes with a set of public tables and templates covering banks' crypto asset exposures, after reviewing the responses to ain December 2022. The plans require banks to disclose qualitative information on their crypto activities and quantitative information on their exposure to crypto.
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