The Bank for International Settlements’ Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, reviewed progress on the outstanding Basel III reforms and endorsed two targeted reviews of Basel Committee prudential standards covering banks’ cryptoasset exposures and the global systemically important banks (G-SIBs) assessment methodology. GHOS noted that about 75% of member jurisdictions have implemented, or will shortly implement, the remaining Basel III standards, while the rest have communicated their implementation plans. It reaffirmed its expectation that all members implement the Basel III framework fully and consistently as soon as possible, and tasked the Basel Committee with ongoing monitoring and assessment. The targeted reviews will examine specific elements of the cryptoasset prudential standard in light of recent cryptoasset market developments, and the governance and transparency of the assessment methodology for G-SIBs as part of the ongoing monitoring and review of the G-SIB framework. Updates on the targeted reviews are expected later this year.
Bank for International Settlements 2026-03-09
Bank for International Settlements' GHOS endorses targeted reviews of cryptoasset and G-SIB standards as Basel III rollout reaches 75% of jurisdictions
The Bank for International Settlements’ Group of Central Bank Governors and Heads of Supervision reviewed Basel III reforms and endorsed targeted reviews of Basel Committee standards on banks’ cryptoasset exposures and the G-SIBs assessment methodology. About 75% of member jurisdictions have implemented or will soon implement the remaining Basel III standards. The reviews will focus on cryptoasset prudential standards and the governance and transparency of the G-SIBs framework.