On 23 March 2018, the Basel Committee on Banking Supervision (Basel Committee) published a press release following its meeting on 15-16 March 2018. At this meeting the Basel Committee discussed its work programme and strategic priorities for 2018-19.  The Basel Committee’s work programme centres on four broad themes:

  • finalising existing policy initiatives and initiating targeted policy development;
  • ensuring full, timely and consistent implementation of the Basel Committee’s post crisis reforms;
  • promoting strong supervision; and
  • evaluating and monitoring the impact of post-crisis reforms, as well as assessing emerging risks.

In terms of its current policy work the Basel Committee:

  • agreed to consult on a set of limited and targeted revisions to the revised market risk framework published in January 2016. A consultation paper setting out these revisions was published on 22 March. Basel Committee members reiterated their expectation of full, timely and consistent implementation of the revised market risk framework by 1 January 2022;
  • would revise its assessment framework for global systemically important banks following its earlier consultation on possible revisions; and
  • agreed on a set of criteria and capital treatment for short-term simple, transparent and comparable securitisations. The accompanying standard will be published in due course.