On 29 November 2018, the Basel Committee on Banking Supervision (Basel Committee) issued a press release following its meeting on 26 – 27 November 2018. At this meeting the Basel Committee:

• agreed to a set of targeted revisions to the market risk framework which will enhance the risk sensitivity of the standardised approach, revise the calibration of certain elements of the framework, and improve certain aspects of the internal models approach. If endorsed by the Group of Central Bank Governors and Heads of Supervision, the framework would be published in early 2019;
• agreed to consult on potential enhanced disclosures to reduce bank window-dressing behaviour related to the leverage ratio;
• approved a set of revisions to the Pillar 3 disclosure framework, which will be published in December; and
• reviewed a report setting out the range of bank, regulatory and supervisory cyber-resilience practices across jurisdictions. The report will be published in December.

The Basel Committee also agreed to consult next year on a framework which would consolidate its standards into a single integrated framework.

The Basel Committee expects to publish its latest work programme in early 2019.