🚀 BIS's Basel Committee proposes mandatory crypto exposure disclosure for banks!

- Consultation paper released on Oct. 17

- Aims to standardize disclosure table & templates

- Proposed implementation date: Jan. 1, 2025

- Public comment open until Jan. 31, 2024

What's required? 🧐

- Quantitative data on crypto exposure, capital & liquidity requirements

- Qualitative data on crypto-linked activities

- Info on accounting classifications of crypto exposures & liabilities

Uniform disclosure = market discipline & less info asymmetry! 🌐💪