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The Basel Committee on Banking Supervision is an international body that sets global standards for banking regulation. The Committee is made up of representatives from central banks and financial regulatory authorities from many countries, and it is hosted by the Bank for International Settlements in Basel, Switzerland. The Committee seeks to promote the safety and soundness of the banking sector by making recommendations on banking regulation, and it has issued numerous recommendations, guidelines, and standards on topics such as capital adequacy, liquidity, risk management, and large exposures. The Basel Committee regularly publishes news, articles, and videos about its work, which can be found on its website and other sources. News articles about the Committee and its work often appear in financial and banking publications, as well as in general media outlets. The Committee also hosts regular events and workshops, which are often accompanied by press releases, videos, and other materials. Additionally, the Basel Committee's publications page includes research papers, publications, and other materials related to banking regulation.
In a consultative document published on Dec. 14, the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) proposed several measures on targeted adjustment to its standard on banks’ exposure to crypto assets. The document is the result of the review work conducted during 2023, which helped the committee formulate amendments to its original prudential
Basel Committee on Banking Supervision has released a report on Bank-NBFI interconnections: The NBFI sector continues to grow and evolve in ways that could present risks and vulnerabilities to the global banking system. Banks are connected to NBFIs through a wide range of direct and indirect activities and services. The report describes these linkages and…
In a joint letter to the Basel Committee on Banking Supervision, the trade associations said policymakers should “seek updated information” on the use cases for the distributed ledger technology that underpins digital assets, and weigh “any appropriate redesign and recalibration” of the standards due to be adopted in 2026. Since then, crypto has pushed into the financial mainstream — particularly in the US, where President Donald Trump has pushed through legislation to support the industry. Major global banks like JPMorgan are now making inroads into the asset class, in areas ranging from custody to facilitating trading and stablecoin issuance.
(Reuters) -A group of finance industry bodies is calling for a rethink on looming regulatory standards that they say will make it difficult for banks to participate in crypto markets. The Basel Committee on Banking Supervision, which comprises regulators and central banks from the world's main financial centres, agreed a set of standards in 2022 for how banks should manage and disclose risks around their exposure to crypto assets. In an open letter to the committee, various finance industry groups said that the crypto market has changed since 2022, making the proposed standards too conservative.