On 17 July 2024, the Basel Committee on Banking Supervision (Basel Committee) published its final disclosure framework for banks’ cryptoasset exposures and targeted amendments to its cryptoasset standard. Both standards have an implementation date of 1 January 2026.
The final disclosure framework (DIS55) is based on the disclosure requirements contained in the final
On 16 July 2024, the Basel Committee on Banking Supervision (Basel Committee) announced that it had made targeted adjustments to the specified interest rate shocks in the interest rate risk in the banking book (IRRBB) standard.
The IRRBB standard requires banks to calculate measures of interest rate risk for their banking
On 9 July 2024, the Basel Committee on Banking Supervision published a consultative document on Principles for the sound management of third-party risk.
The Principles contained in the consultative document are intended to supersede those in the 2005 Joint Forum paper Outsourcing in financial services specifically for the banking sector. There are 12 high-level principles
On 5 July 2024, the Basel Committee on Banking Supervision issued a consultation on two technical amendments to the Basel Framework and seven new FAQs and one updated FAQ.
The two technical amendments:
Authors: Liz Hastilow, Ray Giblett, James Morris, Rajaee Rouhani, Stephen Lee, Jeremy Moller, Charles Nugent-Young, Merren Taylor, Timothy Chan, Joshua Kan, Steven Li, Liam Mackay and Mia Blundell.
Regulatory activity in the financial services sector picked up between February and April 2024. Notably, ASIC made an opening statement before the public inquiry into insurers’ responses
On 13 May 2024, the Basel Committee on Banking Supervision (Basel Committee) issued a press release confirming that the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee, met on 13 May 2024. It states that the GHOS welcomes the progress made in
On 7 March 2024, the Basel Committee on Banking Supervision (Basel Committee) published a Consultative Document setting out proposed amendments to its assessment methodology for global systemically important banks (G-SIBs).
The proposed changes are intended to address “window-dressing” behaviour by some banks in the context of the G-SIB framework where regulatory
On 29 February 2024, the Basel Committee on Banking Supervision (Basel Committee) announced it had approved revisions to the Core Principles for Effective Banking Supervision. The final standard, which follows an earlier consultation, will be published following the International Conference of Banking Supervisors on 24-25 April 2024.
The Basel Committee has
On 27 November 2023, the Financial Stability Board (FSB) published the 2023 list of global systemically important banks (G-SIBs). FSB member authorities apply the following to G-SIBs: high capital buffer, total loss-absorbing capacity, group wide resolution planning and regular resolvability assessments and higher supervisory expectations including for risk management functions. The
On 27 November 2023, the Basel Committee on Banking Supervision published material related to the identification of the 2023 global systemically important banks (G-SIB), including updated denominators used to calculate banks’ scores, the thresholds used to allocate the banks to buckets and the values of the 13 high-level indicators of all banks in