"Under the proposals, banks would be required to disclose qualitative information on their activities related to cryptoassets and quantitative information on exposures to cryptoassets and the related capital and liquidity requirements," the Basel Committee said.
The committee said certain cryptoassets had shown a high degree of volatility, and could present banks with a range risks to their liquidity and credit.
Global banking regulators on Tuesday postponed the approval of new capital rules designed to avert a repeat of the financial crisis, saying they needed more time to finalise the long-awaited and contentious reform.
The standards adopted by the Reserve Bank with regard to risk-based capital requirements are 'compliant' with minimum Basel capital standards, the central bank said on Wednesday.
Under the proposal, banks would only be allowed to lend up to 25 percent of their core capital, down from the earlier ceiling of up to 55 percent, starting Jan. 1, 2019.
The Nikkei dropped 0.9 percent to 18,626.46 in mid-afternoon trade, after a 0.2 percent rise at the midday break.
A bank should limit its exposure to any other single bank at no more than 5 percent of its capital base to ensure it can stay in business if the other lender defaults, global regulators proposed on Tuesday.
Samsung showed itself to be a pretty savvy financial player last year when it sold $1bn worth of bonds with very low coupons direct to the US market.
Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still don't trust them.
Asian shares outside Japan edged up on Monday, supported by data showing the US economy continuing on a path of slow but steady recovery that had pushed Wall Street stocks to a five-year high.
New international rules drawn up in response to the 2008 financial crisis, known as Basel III, are vital to nursing the global banking system back to health, but more is needed, the head of the Basel Committee on Banking Supervision said today.
RBI Governor D Subbarao today said they are awaiting final report of the Basel Committee on global systematically important banks (GSIBs) and expressed hope that the report may list some large domestic banks as domestically systematically important banks (D-SIBs).
The Basel Committee on Banking Supervision, which is overseeing global reforms in the sector, today unveiled new guidelines that would require lenders to publish all details on their pay policies, particularly bonuses and performance incentives.
Andres Portilla, Director of Regulatory Affairs Department at IIF, in an interview with CNBC-TV18’s Menaka Doshi, shared his views on what these new capital norms by Basel committee will mean for the global banking industry.
The Reserve Bank of India (RBI) signed a Memorandum of Understanding with the Dubai Financial Services Authority (DFSA) during the visit of a senior DFSA official to Mumbai this week, it has been announced.