Amid ongoing concerns about the development of crypto-assets, global banking regulators will soon publish guidance on overseeing the emerging phenomenon.

Following meetings to discuss various policy issues in Basel over the past couple of days, the umbrella group of global banking regulators, the Basel Committee on Banking Supervision, said today that they have agreed to publish “high-level supervisory expectations” in March concerning crypto-assets.

The regulators note that the guidance is being developed “in light of the high degree of risks associated with such exposures.”

At the same time, the Basel Committee announced that it will also be publishing a joint statement with the global securities regulators group, the International Organization of Securities Commissions (IOSCO), to clarify implementation of the margin requirements framework for non-centrally cleared derivatives.

The group also reiterated its support for reforms of interest rate benchmarks. Earlier this week, the Bank of Canada published a paper proposing reforms to Canada’s overnight rate.

And, the Basel Committee discussed its latest plans for evaluating the impact of the post-crisis reforms, including planned reviews of the countercyclical capital buffers and the framework for global systemically important banks.

The Basel Committee is tentatively scheduled to meet next from June 19 to 20.