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CASE-13 · 20 min

Classification under the Basel standard

Type of case study: Documented incident. Every figure is quoted from a named source and cited in the evidence register below. How far each source was checked is stated on the record itself.

Scenario

This case works from a real rule book rather than a constructed scenario: the Basel standard SCO60 on banks' cryptoasset exposures (EVD-2026-0011). A bank is examining a deposit into a lending market whose deposits are denominated in a stablecoin. The task is not to make the classification — that is a supervisory determination in the individual case — but to determine which question decides it, and what that means for position size.

Data

The standard's groups
1a, 1b, 2a, 2b
Group 1a
tokenized traditional assets meeting the conditions
Group 1b
stablecoins with an effective stabilization mechanism that pass the conditions
Group 1 capital treatment
risk weights of the underlying plus an infrastructure risk add-on
Group 2
unbacked cryptoassets and anything failing a group 1 condition
Hedge recognition
limited in 2a, none in 2b
Group 2 limit
generally below 1 % of Tier 1 capital, at most 2 %; above 1 % treated as 2b
Provenance of every figure
EVD-2026-0011, verification: details checked

Questions

Which single question decides which side of the standard this position lands on — and what follows if the stablecoin has no identifiable issuer?

The limit applies to total group 2 exposure, not to the single position. What does that change about the order of examination?

Analysis dimensions exercised

Sources

Institutional perspectives

Bank · Asset management · Advisory

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