On 17 January 2019, the Basel Committee on Banking Supervision (Basel Committee) issued a press release announcing that it has completed a review of its 2008 principles for sound liquidity risk management and supervision. The review confirmed that the sound principles remain fit for purpose, and the Basel Committee advises banks and supervisors to remain vigilant of liquidity risks in financial markets. All Basel Committee member jurisdictions have now implemented the Sound Principles through: regulation, guidance or supervisory practice.