[ad_1]
On the worldwide stage, the Basel Committee on Banking Supervision (BCBS) launched its personal session on disclosure of crypto-asset disclosures in mid-October for internationally lively banks. OSFI’s session is being run in parallel with that effort.
In its letter inviting feedback from FRFIs, OSFI set out three key questions for banks and insurers to weigh in on:
- What, if any, technical facets of the BCBS disclosure tables and templates needs to be amended for banks and insurers within the Canadian context?
- What key concerns ought to we think about to make sure proportionality of disclosures?
- What different concerns raised by the BCBS session ought to we be mindful in growing Canadian disclosure expectations?
This newest name for feedback comes after one other latest session through which OSFI gathered stakeholders’ views on draft tips concerning regulatory capital and liquidity therapy of crypto asset exposures. That one was concluded this previous September.
“Public disclosures are essential for managing dangers in banks and insurers, particularly concerning crypto-asset exposures,” stated Peter Routledge, Superintendent of Monetary Establishments. “We welcome suggestions to tailor disclosure expectations to the Canadian context.”
OSFI is accepting feedback by electronic mail till January 31, 2024. From there, it’s going to difficulty draft tips on public disclosures by fall 2024.
[ad_2]
