Bank for International Settlements Basel Committee on Banking Supervision approves operational risk technical amendment and advances targeted cryptoasset standard review

The Bank for International Settlements published an update on the Basel Committee on Banking Supervision’s 24–25 February 2026 virtual meeting, covering recent market developments, vulnerabilities in government bond-backed repo markets, and progress on an expedited targeted review of the prudential standard for banks’ cryptoasset exposures. The Committee also approved a technical amendment to the standardised approach to operational risk and a response to a frequently asked question on the market risk framework, with publication scheduled for March. On repo markets, members built on a recent Financial Stability Board report and pointed to the Committee’s recently finalised counterparty credit risk management guidelines, which include expectations for banks’ securities financing transactions and collateral management. Implementation of these guidelines by supervisors and banks is expected to address some vulnerabilities, and progress will be monitored. For cryptoassets, the targeted review was accelerated in light of recent market developments, and the Committee indicated it will provide an update later this year. The Committee also announced that the next International Conference of Banking Supervisors will be hosted by Bank Indonesia and the Indonesian Financial Services Authority in Indonesia on 30 September–1 October 2026, with further information to follow in due course.