Basel Committee on Banking Supervision Discusses Supervisory Initiatives and Approves Implementation Reports
06/20/2019Central bankers and banking supervisors of the Basel Committee on Banking Supervision met this week to discuss a range of policy and supervisory initiatives.
At the meeting, the Committee:
- Agreed on a revision to the leverage ratio for margin received from clients to offset exposures of client-cleared derivatives; the Committee intends to monitor the effect of the revision on the leverage ratio framework;
- Agreed on new requirements for banks to disclose their leverage ratios on the basis of quarter-end and average values of securities financing transactions; the disclosure requirements will be published next week;
- Approved a report on Basel III Pillar 2 supervisory practices and approaches; and
- Reviewed the reports that assessed the implementation of the Net Stable Funding Ratio (the Basel III requirement for banks to maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities) and large exposures standards in Australia, Canada and India ahead of publication of the reports in July.
Other areas of discussion included financial technology, crypto-assets and the first comprehensive report by the Network for Greening the Financial System. The Committee agreed to join the NGFS as an observer.
View the Basel Committee's press release.
View details of the Basel Committee's report on Pillar 2 supervisory practices and approaches.
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