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On 9 July 2024, the Basel Committee on Banking Supervision published a consultative document on Principles for the sound management of third-party risk.

The Principles contained in the consultative document are intended to supersede those in the 2005 Joint Forum paper Outsourcing in financial services specifically for the banking sector. There are 12 high-level principles

On 5 July 2024, the Basel Committee on Banking Supervision issued a consultation on two technical amendments to the Basel Framework and seven new FAQs and one updated FAQ.

The two technical amendments:

  • Align the formula
  • On 3 July 2024, the Basel Committee on Banking Supervision (Basel Committee) issued a press release following its meeting on 2 and 3 July 2024.

    At this meeting, the Basel Committee:

    • Approved a finalised disclosure framework for banks’ cryptoasset exposures which includes a standardised set of public tables and templates. The framework will

    On 19 June 2024, the Network for Greening the Financial System (NFGS) issued the second edition of its guide on climate-related disclosure for central banks.

    The main objective of the guide is to offer practical support and inspiration to central banks that are taking their first steps in climate-related disclosure. It also

    In the first episode of the Global Investigations Podcast Series, Andrew Reeves (Partner, Investigations, Enforcement and Compliance team, London) is joined by Ruth Cowley (Head of Disputes and Investigations, London), Keith Rosen (Head of Risk Advisory, US) and Sharon Oded (Head of Investigations, Amsterdam) to discuss the early stages of an investigation; best practice in

    On 14 June 2024, the Financial Stability Board (FSB) issued a press release following its Plenary in Toronto.

    Key points in the press release include:

    • The Plenary discussed the progress made on the key international work following up on the March 2023 turmoil. Members look forward to the completion of this work and