Banking

On 13 March 2025, the Basel Committee on Banking Supervision (Basel Committee) issued a press release following its virtual meeting.

At the meeting, the Basel Committee discussed a range of initiatives including the following:

  • Lessons learned from the 2023 banking turmoil. The Basel Committee took stock of its work to develop practical

On 5 February 2025, the Basel Committee on Banking Supervision (Basel Committee) issued a public consultation on a limited update of the Principles for the Management of Credit Risk (Credit Risk Principles).

The Credit Risk Principles provide guidelines for banking supervisory authorities to evaluate banks’ credit risk management processes in certain

On 14 January 2025, the Bank for International Settlements (BIS) updated its webpage regarding its innovation hub.

The update includes information regarding the 2025-2026 work programme which includes:

  • At the start of 2025, the innovation hub’s project portfolio consisted of 26 active projects and 31 projects completed since its establishment in 2019. BIS

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 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 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

This article was co-authored with Abhi Ravishankar and Joel McKay

In a much anticipated development, Treasury has released for consultation its exposure draft on Australian financial service (AFS) license exemptions for foreign financial services providers (FFSPs) (the exposure draft Bill and explanatory memorandum can be found here). This consultation comes

The Australian Securities and Investments Commission (ASIC) has published a media release to confirm that the current transitional licensing relief for foreign financial services providers (FFSPs) providing financial services to Australian wholesale clients has been extended for a further 12 months to 31 March 2025.

FFSPs who held the benefit