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Governors endorse Basel Committee work programme

The Basel Committee's oversight body endorses the committee's work programme and strategic priorities for 2025-26.

The programme prioritises work on Basel III implementation, emerging risks and vulnerabilities, digitalisation and liquidity. GHOS members unanimously reaffirm their expectation to implement Basel III in full and consistently.

The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 4 February to endorse the committee's work programme and strategic priorities for 2025-26.

The key themes of the committee's 2025-26 work programme include the following:

  • Basel III implementation;
  • Risk assessment and safeguarding resilience, including the ongoing follow-up work in response to the lessons learned from the March 2023 banking turmoil;
  • Digitalisation of finance; and
  • Liquidity.

The GHOS also agreed to take stock of the committee's work on climate-related financial risks later this year.

In undertaking its work, the committee will continue to collaborate and cooperate with a wide range of stakeholders. This includes ongoing collaboration with other standard-setting bodies and international forums on cross-sectoral financial initiatives. The committee will also continue to pursue its long-established approach of seeking the views and inputs of a wide range of external stakeholders.

“All GHOS members unanimously reaffirmed their commitment to implement Basel III in full and consistently to ensure a global level playing field and to promote the resilience of the global banking system,” said Tiff Macklem, chair of the GHOS and governor of the Bank of Canada.

Erik Thedéen, chair of the Basel Committee and governor of Sveriges Riksbank, said, “By promoting global cooperation and pursuing a forward-looking approach to mitigating emerging risks and vulnerabilities affecting the global banking system, the committee’s 2025-26 work programme seeks to further strengthen the regulation, supervision and practices of banks worldwide, promote global financial stability and support long-term economic growth.”

Re-disseminated by The Asian Banker