Basel Commission’s proposed changes to its Core Principles

The Basel Committee on Banking Supervision (BCBS) issued a public consultation on revisions to the Core principles for effective banking supervision ("Core Principles") on 6 July 2023

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.