The Basel Committee on Banking Supervision has published its 2018-2019 work program, setting out its focus areas for policy development, supervision, implementation and monitoring. Industry will welcome the news that the Committee intends to adopt a limited number of new policy initiatives, concentrating primarily on cyber risk, operational resilience and proportionality. On the implementation of the Committee's post-crisis reforms, one of the more immediate actions will be to finalize the revised market risk framework, which is due to be implemented by January 1, 2022. Other revisions to be finalized include the assessment framework for Global Systemically Important Banks and the Pillar 3 disclosure framework. Other work will include:

• Furthering discussions on the regulatory treatment of sovereign exposures.
• Continuing to promote strong supervision, which will involve holding discussion sessions and workshops on emerging challenges for supervision, such as how supervisors should comprehensively assess risks when banks change their business models, oversight of third-party origination practices and oversight of risk management practices, in particular, lending standards, collateral management and valuation practices.
• Finalizing the principles on stress-testing practices in 2018 and, if needed, adopting further guidance on Pillar 2 practices.
• Evaluating and monitoring the impact of its reforms and assessing emerging risks.
• Assessing whether any measures are merited in relation to crypto-assets and monitoring the risks arising from fintech.

The Committee will also continue to monitor steps taken or planned by its member jurisdictions and the timeliness of implementation by members of Basel standards. The Committee will report in October 2018 on the adopting of Basel standards by its member jurisdictions.

View the Basel Committee's work programme.

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