Banking supervisors address repo market risks and cryptoasset rules
The Basel Committee on Banking Supervision met virtually on February 24-25, 2026, to discuss vulnerabilities in government bond-backed repo markets and review its prudential standard for cryptoasset exposures. The Committee also announced the next International Conference of Banking Supervisors.
Strengthening repo markets and crypto rules
The Committee exchanged views on the global banking system outlook and vulnerabilities in government bond-backed repo markets, building on a recent Financial Stability Board report.
Members agreed that implementing recently finalised guidelines for counterparty credit risk management, which include expectations for securities financing transactions and collateral management, will help address these vulnerabilities.
The Committee will monitor this implementation.
Furthermore, given recent market developments, the Committee has expedited a targeted review of its prudential standard for banks' cryptoasset exposures, noting progress and promising an update later this year.
Upcoming publications and global supervisory gathering
The Committee approved a technical amendment on the standardised approach to operational risk, following a previous consultation, and a response to a frequently asked question about the market risk framework.
Both will be published in March.
Additionally, the Committee announced that Bank Indonesia and the Indonesian Financial Services Authority will host the next International Conference of Banking Supervisors (ICBS) in Indonesia from September 30 to October 1, 2026. Members also expressed appreciation for Neil Esho, Secretary General, whose term concludes at the end of March 2026 after 20 years of service.