The revised proposals give a greater insight into the submitted standard and include new elements such as an:infrastructure risk add-on to cover the new and evolving risks of distributed ledger technologies; adjustments to increase risk sensitivity;and an overall gross limit on Group 2 cryptoassets. The Committee welcomes comments on the proposals, which should be submitted here by 30 September 2022.
Considering the volatile nature and rapid evolution of the cryptoasset market, the Basel Committee will carry on with closely monitoring developments during the consultation period. If shortcomings are identified or new elements of risks emerge the standards the Committee aims to finalise around year-end may be tightened.
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