Status: Draft -- Not PublishedWill be live at 10/10/2023 09:00
IIF Comments on Basel Banking Supervision Principles
The IIF and ISDA have submitted a joint comment letter to the Basel Committee responding to their consultation on updates to the Core Principles for Effective Banking Supervision. The update is timely and important to ensure that a consistent approach to supervision is achieved on a cross-border basis, taking into account the substantial adjustments to the global financial regulatory system over the past decade. We offer specific comments in relation to financial risks, operational resilience, systemic risk and macroprudential aspects of supervision, climate-related financial risks, the digitalization of finance, non-bank financial intermediation, and risk management practices.