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Banks’ cryptoasset exposures disclosure rules approved; standards to be updated by Basel Committee

( July 3, 2024, 15:20 GMT | Official Statement) -- MLex Summary: The Basel Committee on Banking Supervision this week approved the disclosure framework for banks' cryptoasset exposures. Following a policy meeting, the committee agreed to update its cryptoasset standard and its interest rate risk in the banking book standard. It also decided to consult on updated principles for the sound management of third-party risk, as well as to continue its work on finalizing a disclosure framework for climate-related financial risks.Statement follows....

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