The Basel Committee on Banking Supervision (BCBS) launched a consultation (to run until 3 September 2021) on a proposed technical amendment to the process for reviewing the assessment methodology for global systemically important banks (G-SIBs). The BCBS currently assesses the systemic importance of global banks annually using an indicator-based methodology, which should be reviewed every three years. It plans to replace the fixed review cycle with a process of ongoing monitoring and review, in which changes to the regime will only be considered if evidence of material deficiencies or problems is revealed. The monitoring encompasses

  • developments in techniques or new indicators of systemic risk;
  • the effectiveness of the G-SIB regime; and
  • structural changes that could impact the effectiveness of the regime.
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