Thursday, 25 April 2024
Governors and heads of supervision announce progress in finalising post-crisis regulatory reforms
Progress is being made in finalising post-crisis regulatory reforms to reduce excessive variability in risk-weighted assets (RWAs), the Group of Central Bank Governors and Heads of Supervision (GHOS) announced.
The GHOS endorsed the broad direction of the Committee's reforms. The GHOS discussed the Basel Committee's ongoing cumulative impact assessment and reaffirmed that, as a result of this assessment, the Committee should focus on not significantly increasing overall capital requirements.
"Finalising the Committee's post-crisis reforms will complete Basel III and help restore confidence in banks' risk-weighted capital ratios," said Mario Draghi, Chairman of the GHOS and European Central Bank President.
Stefan Ingves, Chairman of the Basel Committee and Governor of Sveriges Riksbank, said: "The Committee has taken significant steps over the past few months towards finalising the post-crisis reforms by the end of the year."
Re-disseminated by The Asian Banker
