The Basel Committee on Banking Supervision (BCBS) has published the outcomes from its 2 and 3 July 2024 meeting, in which it approved the disclosure framework and capital standard for banks' cryptoasset exposures and amendments to interest rate risk in the banking book standard (IRRBB). The BCBS also agreed to consult on third-party risk principles.

The Basel Committee on Banking Supervision (BCBS) is consulting on guidelines for counterparty credit risk (CCR) management, to replace the Committee's ‘Sound practices for banks' interactions with highly leveraged institutions’ published in January 1999. The BCBS says the guidelines ‘provide a supervisory response to the significant shortcomings that have been identified in banks' management of CCR, including the lessons learned from recent episodes of non-bank financial intermediary (NBFI) distress’. Responses are sought by 28 August 2024.

The Basel Committee on Banking Supervision (BCBS) has published a consultation on potential measures to address window-dressing behaviour in the context of the framework for global systemically important banks (G-SIBs). Potential revisions would require banks to report and disclose the indicators used to calculate G-SIB scores based on average values over the reporting year, rather than year-end values. Responses are sought by 7 June 2024.

The Basel Committee on Banking Supervision (BCBS) is consulting on proposed principles for the sound management of third-party risk in the banking sector. The aim is to provide guidance to banks and prudential supervisors on effective third-party risk management, in order to enhance banks' ability to withstand operational disruptions and mitigate the impact of severe disruptive events. Responses are sought by 9 October 2024.

The Bank of International Settlements (BIS) has issued a press release following a meeting of the Basel Committee on Banking Supervision (BCBS) held in Stockholm on 20-21 May 2025 where the Committee reviewed multiple regulatory initiatives. At the meeting, it was noted that the BCBS continues to prioritise full Basel III implementation while developing supervisory tools based on lessons from the 2023 banking turmoil.

The Basel Committee on Banking Supervision (BCBS)'s oversight body—the Governors and Heads of Supervision (GHOS)—has welcomed the progress made on the Basel III Framework, but reiterated its expectation that all aspects are implemented in full, consistently and as soon as possible. The implementation timeline for the prudential standard for banks' cryptoasset exposures has been moved to 1 January 2026.

The Basel Committee on Banking Supervision (BCBS) has published finalised targeted adjustments to its standard on interest rate risk in the banking book (IRRBB). The changes have been implemented to address problems with how the current methodology captures interest rate changes during periods when rates are close to zero. The revised standard should be implemented by 1 January 2026. The revised text will be incorporated into the consolidated Basel Framework.

The Basel Committee on Banking Supervision (BCBS) has finalised a technical amendment (TA) to the Basel Framework concerning the hedging of counterparty credit risk (CCR) exposures. The amendment, first consulted on in November 2024, refines how banks apply guarantees and credit derivatives providing fixed or capped protection to hedge CCR arising from derivative exposures under the standardised approach to counterparty credit risk (SA-CCR) or the internal models method (IMM). The finalised amendment introduces clarifications to the calculation of exposure at default (EAD), treatment of proportionate protection, and application of haircuts for currency and maturity mismatches, aligning the treatment with that of eligible collateral. BCBS members have agreed to implement the revised text as soon as practical and within three years at the latest.

The Basel Committee on Banking Supervision (BCBS) has published final guidelines for counterparty credit risk (CCR) management, replacing ‘”Sound practices for banks” interactions with highly leveraged institutions’ published in January 1999. The guidelines address long-standing weaknesses in CCR management by emphasising comprehensive due diligence, effective credit risk mitigation strategies, diverse CCR measurement metrics, and robust governance frameworks.

The Basel Committee on Banking Supervision (BCBS) has launched a public consultation to update the Principles for the Management of Credit Risk, originally published in 2000. These principles guide banking supervisory authorities in assessing banks' credit risk management across four main areas: creating a suitable credit risk environment, operating a sound credit-granting process, maintaining proper credit administration, measurement, and monitoring, and ensuring adequate controls over credit risk. Responses are sought by 21 March 2025. All comments will be published on the BIS website unless confidentiality is requested.

The Basel Committee on Banking Supervision (BCBS) has published a proposed technical amendment to the Basel Framework to clarify the treatment of rental income from investment properties under the standardised approach for operational risk. The amendment seeks to resolve an inconsistency by removing this type of income from the ‘other operating income’ category—where it is currently listed despite often arising from operating leases, which are meant to be excluded—and instead, including it under ‘interest income’ which will now explicitly cover income from both financial and operating leases. This change is intended to improve the accuracy of the business indicator (BI), which is used to calculate operational risk capital requirements. The BCBS has also issued new frequently asked questions (FAQs) on credit risk to support consistent global implementation. Responses are sought by 25 July 2025.

The Basel Committee on Banking Supervision (BCBS) has published a progress report to G20 finance ministers and central bank governors on its analysis of the 2023 banking turmoil. The report summarises empirical analysis on liquidity risk dynamics and emphasises the need to strengthen supervisory effectiveness and assess the performance of specific Basel Framework features.