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    BCBS Takes Forward Evaluation of Basel III Regulatory Reforms

    October 30, 2020

    BCBS announced that it is taking forward the evaluation of its Basel III post-crisis regulatory reforms. The evaluation will be performed by the Task Force on Evaluations, which is co-chaired by the ACPR Secretary General (Dominique Laboureix) and the Bank of Canada Managing Director of Financial Stability (Jing Yang). BCBS has called for nominations of experts by November 20, 2020, as it seeks to appoint up to three academic subject-matter experts from December 2020 until the completion of the evaluation in Spring 2022. The bulk of the work is expected to take place between Spring 2021 and Spring 2022.

    The evaluation, which will incorporate lessons learned from the COVID-19 crisis, will notably assess the impact of Basel III reforms, both individually and collectively, on the resilience of banks and the global banking system. This will include evaluating if and how changes in bank behavior triggered by the reforms have, in turn, affected banking sector resilience. The evaluation will examine:

    • Extent to which Basel III post-crisis regulatory reforms that have been implemented to date have achieved their objectives
    • Interactions among the Basel III reforms and other post-crisis reforms
    • Whether there are gaps in the Basel regulatory framework or any material unintended effects

    The experts to be appointed would support the Task Force on Evaluations in the conduct of a range of empirical analyses. This involves providing input on methodological approaches and analytical issues, discussing the findings, and reviewing the draft evaluation report at designated milestones. BCBS will review candidates and select the academic advisors in November or December 2020.

     

    Related LinkPress Release

     

    Keywords: International, Banking, Basel III, Post-Crisis Reforms, COVID-19, Regulatory Reforms, Task Force on Evaluations, BCBS

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