News list for "Bank of Basel"
The Basel Committee on Banking Supervision is re-examining the crypto regulatory framework that was due to be implemented next year, with a focus on stablecoins. The previous version of the rules was widely seen in the industry as a warning to banks holding crypto assets because it required high capital occupation for related assets. Major jurisdictions, including the US, UK and European Union, have not committed to moving forward as planned, according to people familiar with the matter, preferr...
According to Chris Perkins, president of investment firm CoinFund, bank capital requirements imposed by the Basel Committee on Banking Supervision (BCBS), which sets banking standards, have created a "bottleneck" aimed at stifling the growth of the crypto industry. Perkins said that current capital rules have reduced banks' return on equity (ROE) by setting higher reserve requirements for holding cryptocurrencies.
Sources: Europe is set to delay the implementation of the Basel banking rules by a year.
The Group of Governors and Supervisors of Central Banks (GHOS), the governing body of the Basel Committeeon Banking Supervision, has delayed compliance with the new rules on crypto assets for banks by one year. The latest date for the project has been changed to January 1, 2026.
