On 17 July 2024, the Bank for International Settlements (BIS) BCBS published its final disclosure framework for banks’ crypto-asset exposures and targeted amendments to its crypto-asset prudential standard of December 2022. Both standards need to be implemented by 1 January 2026. The final disclosure framework provides standardised tables and templates requiring banks to disclose qualitative information on their crypto-asset-related activities and quantitative information on the capital and liquidity requirements for their crypto-asset exposures. The targeted amendments to the crypto-asset prudential standard aim at further promoting a consistent understanding of the standard, especially with regard to the criteria for stablecoins to receive a preferential ‘Group 1b’ regulatory treatment. Other aspects of the standard are clarified by various other technical amendments.
