Basel Committee Proposes Prudential Framework for Cryptoasset Exposures

On June 29, 2021, Cravath prepared for its clients a memo entitled “Basel Committee Proposes Prudential Framework for Cryptoasset Exposures,” which discusses the recently published consultative document by the Basel Committee on Banking Supervision that would establish minimum risk‑based regulatory capital standards for cryptoasset exposures and begins the international development of a bank regulatory framework for cryptoasset exposures and activities. The memo analyzes the broader implications the consultative document could have for the continued development of cryptoasset activities within the banking sector, perhaps most notably for stablecoins.

Please click here to read the memo.