BASEL COMMITTEE CONTINUES TO PRIORITISE BASEL III IMPLEMENTATION, PROGRESSES WORK TO STRENGHTEN SUPERVISORY EFFECTIVENESS AND DISCUSSES FINALISATION OF PRINCIPLES ON THIRD-PARTY RISKS

The Basel Committee continues to prioritise the full and consistent implementation of Basel III. Progresses work to strengthen supervisory effectiveness based on the lessons learned from the 2023 banking turmoil. Aims to finalise principles for the sound management of third-party risk in the banking sector by the end of 2025. Continue reading.