The committee examined repo market vulnerabilities and advanced review of the crypto asset prudential standard.

The Basel Committee on Banking Supervision (BCBS) met virtually on 24 and 25 February to discuss recent market developments and the outlook for the global banking system. BCBS  members exchanged views on emerging risks and assessed conditions across the global banking sector. As part of the discussion, BCBS examined vulnerabilities in government bond-backed repo markets, building on a recent report by the Financial Stability Board. BCBS noted that its recently finalised guidelines on cou