Basel Committee Finalizes Prudential Standard for Cryptoasset Exposures

On January 3, 2023, Cravath prepared for its clients a memo entitled “Basel Committee Finalizes Prudential Standard for Cryptoasset Exposures.” The memo analyzed the Basel Committee on Banking Supervision’s finalized prudential standard, which outlines the agency’s classifications of different cryptoassets and minimum capital requirements based on various risks. The memo also reviews changes from the agency’s second consultative document based on issues raised in comments and notes how the final standard could shape aspects of the cryptoasset landscape in the coming years.

Please click here to read the memo.