The Basel Committee on Banking Supervision (Basel Committee) has launched a new section of its website that sets out a consolidated version of its global standards for the regulation and supervision of banks. The new area of the website provides the full set of standards of the Basel Committee.
Also, the website enables users to view the requirements that will apply on future dates, i.e. taking into account standards that have been finalised by the Basel Committee but are not yet in effect at the date the user accesses the website. This means that, for several chapters, there are current and future versions, with the latter generally coming into effect on 1 January 2022. Similarly, as the Basel Committee’s standards are modified after 1 January 2019, the website will allow users to look back to the standards as they applied in the past.
The Basel Committee has also published a consultation paper to gain feedback on the new section of its website. The Basel Committee notes within the consultation that the preparation of the new website revealed ambiguities and minor inconsistencies within the Basel framework that should be addressed through minor technical amendments. These technical amendments are set out in section 1 of the consultation.