Basel Committee to build ‘day-to-day’ supervision toolkit
“Suite of practical tools” will draw on lessons learned from 2023’s banking turmoil
The Basel Committee on Banking Supervision is building a “suite of practical tools” to supervise liquidity and interest rate risks as well as the sustainability of banks’ business models.
At its meeting on November 19–20, the Basel Committee agreed to build these tools to “strengthen supervisory effectiveness in light of the lessons learned from last year’s banking turmoil”. It said it would publish an update on the project in “early 2025”.
Alex Knight, head of Europe, the Middle East and Africa
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