Global Banking Standards

Definition ∞ Global Banking Standards comprise a set of international rules and best practices designed to ensure the stability and integrity of the global financial system. These standards, often issued by bodies like the Basel Committee on Banking Supervision, address capital adequacy, risk management, and regulatory reporting for financial institutions. They aim to harmonize banking regulations across jurisdictions. Adherence is critical for systemic resilience.
Context ∞ The integration of digital assets into the traditional financial system is prompting significant adjustments to Global Banking Standards. Regulators are actively discussing how to appropriately classify and manage risks associated with cryptocurrency exposure for banks. A key future development involves the formal incorporation of specific capital requirements and risk mitigation guidelines for digital asset activities within these international frameworks.