The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March.
At its meeting on Oct. 4–5, the committee looked at the causes behind the failures of Silicon Valley Bank, Signature Bank (OTC:) of New York and First Republic Bank (OTC:), as well as the near-failure of Credit Suisse, which was later bought by its competitor UBS.
