Shearman & Sterling LLP | FinReg | Basel Committee on Banking Supervision Agrees Next Steps for Basel Standards
Financial Regulatory Developments Focus
This links to the home page
  • Basel Committee on Banking Supervision Agrees Next Steps for Basel Standards
    Central bankers and banking supervisors from over eighty jurisdictions met this week in Abu Dhabi, United Arab Emirates to discuss a range of policy and supervisory topics.

    On November 26-27, 2018 there was a meeting of the Basel Committee on Banking Supervision at which it was agreed that a consultation would take place next year to discuss a framework to consolidate the Committee's standards into a single integrated structure. Moreover, a number of items were agreed:
    • A set of targeted revisions to the market risk framework which is due to be implemented by January 1, 2022.
    • A consultation on potential enhanced disclosures to reduce bank window-dressing behaviour related to leverage ratio will be pursued. The Basel Committee issued a statement in October declaring unacceptable the alleged tendency in banks to engage in so-called window-dressing by temporarily reducing transaction volumes around key reference dates, which has supposedly the effect of allowing banks to report and publicly disclose better leverage ratios.
    • A set of revisions to the Pillar 3 disclosure framework will be published in December.
    • A report will be published in December setting out the range of bank, regulatory and supervisory cyber-resilience practices across jurisdictions.

    View the press release.

    View details of the Basel Committee's consultation on the revised market risk framework.

    Return to main website.