Basel Committee

The Basel Committee on Banking Supervision has finalized a new standard for the treatment of banks' exposures to crypto assets. What Happened: Central Banks can now hold up to 2% of their reserves in cryptocurrencies. The Committee's decision comes after consultations and deliberations...

Canadian regulators have initiated a consultation process focused on the public disclosure of crypto-asset exposures by federally regulated financial institutions (FRFIs). This development comes at a time when digital innovation is rapidly transforming the financial landscape. New forms of...

The European Union (EU) must expedite the rollout of strict capital rules for banks holding crypto assets in a pending banking law if it wants to meet the deadline set by the Basel Committee, warned the bloc's executive. What Happened: The committee has imposed a January...