The Basel Committee on Banking Supervision agreed to publish next month a report on observed information and communication technology (ICT) risk management practices for addressing non-malicious ICT incidents. It also progressed its targeted review of the prudential standard for banks' cryptoasset exposures and agreed to examine whether targeted updates are needed to its Principles for Sound Liquidity Risk Management and Supervision. The ICT report draws together practices observed across jurisdictions and treats ICT as a core element of operational risk management and operational resilience. The cryptoasset work remains an expedited review of targeted elements of the prudential standard. The liquidity exercise will assess whether the 2008 principles remain fit for purpose in light of regulatory, supervisory and structural developments since they were issued. Updates later this year are planned on the cryptoasset review, the liquidity work and the finalisation of machine-readable Pillar 3 disclosures. The Committee also plans a consultation later this year on whether to embed the treatment of cross-border exposures within the European banking union in the G-SIB framework, and approved further analytical work on extreme weather events, including banks' management of physical risks and the role of insurance.
Bank for International Settlements2026-05-20
Basel Committee on Banking Supervision agrees to publish ICT risk management report and advances cryptoasset and liquidity work
The Basel Committee on Banking Supervision will publish a report on observed ICT risk management practices for non-malicious incidents and advanced its review of the prudential standard for banks’ cryptoasset exposures. It will also assess whether to update its Principles for Sound Liquidity Risk Management and Supervision, finalise machine-readable Pillar 3 disclosures, consult on the treatment of cross-border exposures within the European banking union in the global systemically important bank framework, and deepen analytical work on banks’ management of physical risks from extreme weather events and the role of insurance.