The Basel Committee recently approved a disclosure framework for financial institutions' cryptoassets. The disclosure framework has an implementation date of January 1, 2026. This framework creates a standardized set of public tables and templates covering financial institutions’ cryptoasset exposures. The disclosures are intended to enhance information for oversight and provide transparency into the risk level of a financial institution’s cryptoasset exposure. The document, DIS55 Cryptoasset exposures, sets out the final revised standard.

The Basel Committee also approved a set of targeted amendments to the cryptoasset standard. They are intended to promote a consistent understanding of the standards, especially as it relates to stablecoins. The Basel Committee intends to monitor and update the framework as the financial sector's exposure to cryptoassets develops.

While credit union exposure to cryptoassets is currently limited, this is a framework that may impact the sector in the future, as exploration of the possible benefits of cryptoassets grows. Credit unions continue to explore which innovations and review technological and investment possibilities to benefit their members. It is important for credit unions to continue to advocate for a framework that enables them to invest in emerging technology, if appropriate in the future, that does not have prohibitive regulatory barriers. WOCCU along with others requested clearer guidance on several elements including the definition of “materiality.” In response to our comments, the Basel Committee is proposing a revised definition.  

Click here to access the final disclosure framework.