Governors and Heads of Supervision endorse work programme of Basel Committee
The Basel Committee's oversight body endorses the Committee's work
programme and strategic priorities for 2025-26. The programme
prioritises work on Basel III implementation, emerging risks and
vulnerabilities, digitalisation, and liquidity. GHOS members
unanimously reaffirm their expectation to implement Basel III in full
and consistently.
The Group of Central Bank Governors and
Heads of Supervision (GHOS), the oversight body of the Basel Committee
on Banking Supervision, met on 4 February to endorse the Committee's
work programme and strategic priorities for 2025-26.
The key
themes of the Committee's 2025-26 work programme include the
following:
(i) Basel III implementation;
(ii) Risk
assessment and safeguarding resilience, including the ongoing follow-
up work in response to the lessons learnt from the March 2023 banking
turmoil;
(iii) Digitalisation of finance; and
(iv)
Liquidity.
The GHOS also agreed to take stock of the
Committee's work on climate-related financial risks later this year.
In undertaking its work, the Committee will continue to
collaborate and cooperate with a wide range of stakeholders. This
includes ongoing collaboration with other standard-setting bodies and
international fora on cross-sectoral financial initiatives. The
Committee will also continue to pursue its long-established approach
of seeking the views and inputs of a wide range of external
stakeholders.
All GHOS members unanimously reaffirmed their
commitment to implement Basel III in full and consistently to ensure a
global level playing field and to promote the resilience of the global
banking system.
Tiff Macklem, Chair of the GHOS and Governor of
the Bank of Canada
By promoting global cooperation and pursuing
a forward-looking approach to mitigating emerging risks and
vulnerabilities affecting the global banking system, the Committee's
2025-26 work programme seeks to further strengthen the regulation,
supervision and practices of banks worldwide, promote global financial
stability and support long-term economic growth.
Erik Thedéen,
Chair of the Basel Committee and Governor of Sveriges
Riksbank
Note to editors:
The Basel Committee is the
primary global standard setter for the prudential regulation of banks
and provides a forum for cooperation on banking supervisory matters.
Its mandate is to strengthen the regulation, supervision and practices
of banks worldwide with the purpose of enhancing financial stability.
The Committee reports to the Group of Central Bank Governors and Heads
of Supervision and seeks its endorsement for major decisions. The
Committee has no formal supranational authority, and its decisions
have no legal force. Rather, the Committee relies on its members'
commitments to achieve its mandate. The Group of Central Bank
Governors and Heads of Supervision is chaired by Tiff Macklem,
Governor of the Bank of Canada. The Basel Committee is chaired by Erik
Thedéen, Governor of Sveriges Riksbank.
More information
about the Basel Committee is available here.