Tagged: basel committee

July 10, 2024 @ 7:07 am By Omar Faridi  |  

The Basel Committee on Banking Supervision has released a consultative document proposing Principles for the sound management of third-party risk in the banking sector. Ongoing digitalization has led to rapid “adoption of innovative approaches in the banking sector.” As a result, banks have become increasingly… Read More

May 20, 2024 @ 11:37 pm By Omar Faridi  |  

The Basel Committee on Banking Supervision recently released a report that considers the implications of the ongoing digitalization of finance on banks and supervision. The report builds on the Sound Practices: implications of fintech developments for banks and bank supervisors released in 2018, and “takes… Read More

December 12, 2023 @ 9:44 am By Omar Faridi  |  

The Basel Committee on Banking Supervision met virtually on 5 and 7 December to discuss a range of policy and supervisory initiatives. The Committee took stock of its review of various elements of “the prudential standard for banks’ exposures to crypto-assets published in December 2022.”… Read More

October 18, 2023 @ 11:09 pm By Omar Faridi  |  

The Basel Committee on Banking Supervision published a consultative document to follow on from its prudential standard on the treatment of crypto-asset exposures, finalized in December 2022. Disclosure of crypto-asset exposures “proposes a standardized disclosure table and set of templates for banks’ crypto-asset exposures with… Read More

November 18, 2021 @ 10:40 am By Omar Faridi  |  

On November 16, 2021, the Basel Committee on Banking Supervision issued a public consultation on principles for the effective management and supervision of climate-related financial risks. This “follows the publication of a series of analytical reports earlier this year,” the update confirmed. As noted in… Read More

September 7, 2021 @ 3:36 pm By Omar Faridi  |  

Baton Systems, the market solution that aims to transform asset movements and settlements, has revealed that William (Bill) Coen, former Secretary General of the Basel Committee on Banking Supervision, has joined the company as Senior Advisor. Coen’s appointment has been announced as Baton scales its… Read More

June 15, 2021 @ 3:17 am By Omar Faridi  |  

The Basel Committee on Banking Supervision, the main international standard-setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters (with 45 members comprising central banks and bank supervisors from 28 jurisdictions), has initiated a public consultation on… Read More

March 29, 2020 @ 4:55 pm By Omar Faridi  |  

Global banking regulators released a statement on March 27, 2020 in which they noted that elements of the Basel III banking rules reform that have not yet been finalized will be delayed for at least a year, because of the coronavirus (COVID-19) outbreak. The release… Read More