The ICBS was held in Santiago, Chile, following a meeting of the Basel Committee on Banking Supervision, where progress was made towards finalising the Basel III post-crisis reforms.
Delegates attending the ICBS discussed the Basel global standards and the new regulatory framework for the coming years. Discussions focused on the adjustments necessary to adapt to the new global regulatory framework, the revised standardised approach for credit risk, and the growing and important role of supervisory stress testing. Participants also exchanged views on implementation challenges of the post-crisis framework in advanced and emerging market economies.
Discussions also focused on the need for sustainable prudential banking. This included workshops on strengthening supervisory conduct, governance and culture in banks, improving best practices in banking services and assessing the impact of expected loss provisioning for banks.
The ICBS was held following a meeting of the Basel Committee on Banking Supervision, where very good progress was made towards finalising the Basel III post-crisis reforms. The package of reforms under review includes a revised standardised approach for credit risk, revisions to the internal ratings-based approach, a revised operational risk framework, a leverage ratio surcharge for global systemically important banks and an aggregate output floor.
Press release
© BIS - Bank for International Settlements
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