financetom
Business
financetom
/
Business
/
Banks to publish crypto asset exposure from 2026, global regulators say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Banks to publish crypto asset exposure from 2026, global regulators say
Jul 3, 2024 8:50 AM

LONDON (Reuters) -Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from January 2026, they said on Wednesday, a year later than originally indicated.

"These disclosures aim to enhance information availability and support market discipline," the Basel Committee on Banking Supervision said in a statement.

The committee, made up of banking regulators from the world's main economies who commit to applying agreed standards, discussed the prudential or impact on capital of tokenised deposits and stablecoins, a cryptocurrency backed by an asset such as the dollar.

Based on current market developments, risks from these are "broadly captured" by existing Basel standards, an indication that additional capital rules are not being planned for now.

"The Committee will continue to monitor this area and other developments in the cryptoasset markets," the statement added.

Basel members also agreed to take a more hands-on approach to dealing with risks for banks from their increasing use of third parties, such as for cloud computing to run key activities.

The committee said it would consult later this month on principles to replace looser guidance currently in force.

It also updated on a now closed public consultation into new rules for banks to disclose their climate-related financial risks under so-called "Pillar III" of their capital rules.

"It agreed to continue to work on finalising such a framework as part of its holistic approach to addressing climate-related financial risks," the statement said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Microsoft's LinkedIn Accused of Sharing Private Messages Without Permission to Train AI
Update: Microsoft's LinkedIn Accused of Sharing Private Messages Without Permission to Train AI
Jan 22, 2025
04:01 PM EST, 01/22/2025 (MT Newswires) -- (Updates with LinkedIn comment in the last paragraph.) Microsoft's ( MSFT ) LinkedIn was accused of sharing customers' private messages without permission in a lawsuit filed late Tuesday. The lawsuit, filed in US District Court for the Northern District of California, alleges the company disclosed its Premium customers' private messages to third parties...
White House says order pausing IRA disbursements only applies to some programs
White House says order pausing IRA disbursements only applies to some programs
Jan 22, 2025
Jan 22 (Reuters) - The White House said President Donald Trump's order this week pausing the disbursement of funds appropriated under his predecessor's signature climate and infrastructure laws mainly applies to programs that discourage fossil fuel development or boost electric vehicles. As part of a flurry of executive orders hours after taking office on Monday, Trump ordered government agencies to...
White House says order pausing IRA disbursements only applies to some programs
White House says order pausing IRA disbursements only applies to some programs
Jan 22, 2025
(Reuters) - The White House said President Donald Trump's order this week pausing the disbursement of funds appropriated under his predecessor's signature climate and infrastructure laws mainly applies to programs that discourage fossil fuel development or boost electric vehicles. As part of a flurry of executive orders hours after taking office on Monday, Trump ordered government agencies to pause funds...
Mongodb Insider Sold Shares Worth $2,124,292, According to a Recent SEC Filing
Mongodb Insider Sold Shares Worth $2,124,292, According to a Recent SEC Filing
Jan 22, 2025
04:07 PM EST, 01/22/2025 (MT Newswires) -- Dev Ittycheria, Director, President & CEO, on January 17, 2025, sold 8,335 shares in Mongodb ( MDB ) for $2,124,292. Following the Form 4 filing with the SEC, Ittycheria has control over a total of 217,294 shares of the company, with 217,294 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1441816/000144181625000021/xslF345X05/wk-form4_1737579842.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved