On 17 October 2023, the Basel Committee on Banking Supervision (Basel Committee) published a consultation document on the disclosure of crypto-asset exposures.
The consultation document follows the Basel Committee’s paper on the prudential treatment of cryptoasset exposures which was published in December 2022 and set out the prudential requirements for banks’ exposures to cryptoassets.
In the consultation document, the Basel Committee proposes a standardised disclosure table and set of templates for banks’ cryptoasset exposures, with a proposed implementation date of 1 January 2025. The Basel Committee expects that the use of common disclosure templates for banks’ cryptoasset exposures will support the exercise of market discipline and contribute to reducing information asymmetry amongst banks and market participants.
The deadline for feedback to the consultation document is 31 January 2024.