Financial trade groups call on Basel Committee to rethink crypto exposure standards
A coalition of global finance trade associations has called on the Basel Committee on Banking Supervision (BCBS) to make changes to its “excessively conservative and overly punitive” upcoming Cryptoasset Exposures Standard.
Editorial
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In July, the BCBS published its final disclosure framework for prudential treatment of cryptoassets ahead of the standard (SCO60) going live in January 2026.
However, the plans have not gone down well with industry players, prompting a letter from the so-called Joint Trades, which includes the Global Financial Markets Association, the Securities Industry and Financial…
