Shearman & Sterling LLP | Financial Regulatory Developments Focus | Basel Committee on Banking Supervision Provides Brief Update on Various Workstreams
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  • Basel Committee on Banking Supervision Provides Brief Update on Various Workstreams
    09/20/2018
    The Basel Committee on Banking Supervision has published a press release summarizing the outcome of its meeting on September 19-20, 2018. The Committee committed to consider Pillar 1 and Pillar 3 measures to prevent banks adjusting their balance sheets around regulatory reporting dates to manipulate reported leverage ratios. In addition, the Committee intends to further analyze banks' exposures to crypto-assets to reach a conclusion on whether action is needed to address the risks that these assets may present. 

    The Basel Committee will publish the following before the end of the year:
    • an updated 2018 list of global systemically important banks, along with the high-level indicator values of all the banks that are within the G-SIB assessment exercise;
    • final revisions to the market risk framework (towards the end of the year);
    • a consultation paper (in October 2018) on whether the exposure measure should be revised to alleviate its impact on client clearing, including presenting options for revising this; and 
    • the revised Principles on Stress Testing (in October 2018). 

    The Basel Committee also published responses to Frequently Asked Questions on the treatment of settled-to-market derivatives under the Liquidity Coverage Ratio and Net Stable Funding Ratio. 

    View the press release

    View the FAQs.

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