Basel Committee advances banking regulatory agenda, reviews AI, disclosure and cryptoasset risks
Basel Committee meets to advance supervisory and regulatory initiatives and discuss risks and vulnerabilities to the global banking system
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The Basel Committee advanced multiple areas of banking regulation at its September 28-29 meeting, approving final standards for machine-readable Pillar 3 disclosures and discussing AI and cryptoasset risks. The Committee will review operational risk loss event categories related to AI and cyber risk, update the prudential standard for banks' cryptoasset exposures before year-end, and consult on new Pillar 2 guidance.
The material places cyberattacks, interconnected dependencies and governance requirements following AI's entry into critical financial functions alongside machine-readable disclosures and next steps for the prudential standard for cryptoassets on the same regulatory agenda.
Source:BIS — Media releases · bis.org