Observations
Mar 21, 2025At its recent meeting, the Basel Committee on Banking Supervision (BCBS) advanced efforts to strengthen supervisory effectiveness based on the lessons learned from the 2023 banking turmoil.
Observations
Sep 20, 2024by Andrea Enria
Compendium
Jun 11, 2024The spring 2023 banking turmoil confirmed the necessity of strong internal governance and risk culture within firms, beyond post-crisis regulatory reforms. Regulatory measures like increased capital and liquidity requirements set important safeguards but are insufficient without effective internal checks and balances. The focus should shift to ensuring sound risk culture and governance to prevent future crises and systemic risks.
