The Basel Committee on Banking Supervision Releases Final Crypto Disclosure Framework

The Basel Committee on Banking Supervision recently announced the release of its final disclosure framework for banks’ crypto exposures. This framework, known as DIS55, aims to enhance transparency and ensure a consistent regulatory approach in the fast-growing field of digital assets. The new standards are set to take effect on Jan. 1, 2026.

Under the new framework, banks will be required to provide detailed information on their crypto activities through standardized tables and templates. This includes qualitative descriptions of their crypto-related business as well as quantitative data on capital and liquidity requirements. By standardizing these disclosures, the Committee hopes to improve market discipline and reduce information gaps among market participants.

In addition to disclosing their crypto exposures, banks will also need to share how they assess risks and classify these assets. They must provide data on their crypto exposures and related capital requirements, including information on accounting classification and liquidity needs for these assets. The updated standards include a new definition of “materiality” for certain crypto-assets and set thresholds for when banks must disclose their exposures.

The Basel Committee has also made targeted amendments to its cryptoasset standards to tighten the criteria for certain stablecoins to receive preferential regulatory treatment. These changes are designed to clarify the regulatory framework and promote a consistent understanding of the standards across jurisdictions. The Committee emphasized its commitment to monitoring developments in the cryptoasset markets and adapting its regulatory framework as necessary to address emerging risks.

Overall, the Basel Committee’s new disclosure framework and updated standards represent a significant step towards enhancing the robustness of banks’ engagement with the cryptoasset market. These measures will contribute to greater market transparency, stability, and support the broader financial system. By requiring banks to provide detailed information on their crypto activities, assess risks, and disclose exposures, the Committee aims to create a more informed and secure environment for the growing digital asset industry.