Basel Committee approves new stablecoin exposure framework
Details on new crypto asset and IRRBB rules, plus third-party risk consultation due out this month
The Basel Committee on Banking Supervision approved a new disclosure framework for banks’ crypto asset exposures and standards on Wednesday (July 3).
The reviewed framework includes a standardised set of public tables and templates covering bank’s crypto asset exposures. It aims to “enhance information availability” and “support market discipline”.
The criteria for stablecoins to receive a preferential ‘Group 1b’ regulatory treatment will be revised. Group 1b crypto assets are subject to capital
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