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ARTICLE · 21 DECEMBER 2018

Basel Committee On Banking Supervision Agrees Next Steps For Basel Standards

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On November 29, 2018, Central bankers and banking supervisors from over eighty jurisdictions met in Abu Dhabi, United Arab Emirates to discuss a range of policy and supervisory topics.

GlobalFinance and Banking
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On November 29, 2018, Central bankers and banking supervisors from over eighty jurisdictions met in Abu Dhabi, United Arab Emirates to discuss a range of policy and supervisory topics.

On November 26-27, 2018, there was a meeting of the Basel Committee on Banking Supervision at which it was agreed that a consultation would take place next year to discuss a framework to consolidate the Committee's standards into a single integrated structure. Moreover, a number of items were agreed:

I. A set of targeted revisions to the market risk framework which is due to be implemented by January 1, 2022.

II. A consultation on potential enhanced disclosures to reduce bank window-dressing behavior related to leverage ratio will be pursued. The Basel Committee issued a statement in October declaring unacceptable the alleged tendency in banks to engage in so-called window-dressing by temporarily reducing transaction volumes around key reference dates, which has supposedly the

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