Banks will have to make public their exposure to crypto under a plan mentioned Thursday by the Basel Committee on Banking Supervision.
A consultation paper will be “published soon” and will propose “a set of disclosure requirements related to banks’ cryptoasset exposures,” the committee said.
The proposals will complement the prudential standard for crypto exposures published in December 2022.
In a separate report published Thursday, the committee put some onus of this year’s regional banking crisis, dubbed “the most significant system-wide banking stress since the Great Financial Crisis in terms of scale and scope,” on crypto banks’ exposure to the then-volatile crypto market.
