BCBS Publishes its Work Program for 2018 and 2019


On June 5, 2018, the Basel Committee on Banking Supervision (“BCBS“) published details of its work program for 2018 and 2019. Details of the work program can be found here.

There are four key themes surrounding the work program. These are:

  • Policy Development – the BCBS intends to finalize its revisions to the revised market risk framework “shortly” so that there is sufficient time for the framework to be implemented by January 1, 2022. The BCBS will continue to review potential longer-term revisions to the regulatory treatment of accounting provisions.
  • Implementation – the BCBS is continuing to monitor the implementation of its post financial crisis reforms. It expects to publish its next report on the adoption of Basel III standards by its members in October 2018.
  • Supervision – the BCBS intends to finalize a set of principles on stress-testing practices in 2018.
  • Monitoring and evaluation – the BCBS intends to devote more time to evaluating and assessing the impact of its reforms and assessing emerging risks. In particular, crypto-assets and risks in the FinTech industry will be themes it will be focusing on.