The Basel Committee on Banking Supervision has revised its guidance on overseeing lenders, increasing its focus on risks that triggered recent US bank collapses.

The BCBS began work revising its Core principles for effective banking supervision in 2022, before the most recent series of bank failures. The new document includes a greater emphasis on banks’ management of interest rate risk, a critical factor in the failure of Silicon Valley Bank.

It requires that banks’ stress-testing programmes