This reflects supervisory developments and structural changes affecting the banking system since the previous update in 2012.
It covers six areas:
- financial risks
- operational resilience
- systemic risk and macroprudential aspects of supervision
- new risks, including climate-related financial risks and the digitalisation of finance
- non-bank financial intermediation- risk management practices.
Check out the practical insights from the Basel Commission to the proposed changes to its Core Principles HERE.