BCBS summary of September 2026 meeting

The Basel Committee on Banking Supervision (BCBS) has published the summary of its latest meeting which took place on 28-29 September, in which members discussed a range of analytical, supervisory and regulatory initiatives. In the press release, the BCBS sets out the outcomes of the meeting, including:

• Digitalisation: The BCBS noted that while AI may support greater efficiency and innovation in financial services, it could also increase operational, cyber and concentration risks. It agreed that AI's integration into critical financial functions will require careful governance, robust risk management and ongoing supervisory attention. The Committee also agreed to review the sufficiency and adequacy of existing "event type" loss categories set out in the operational risk framework, with a focus on cyber risk and AI developments. It will continue to monitor AI developments and discuss supervisory implications.
• Pillar 3 disclosures: Following its consultation on machine-readable Pillar 3 disclosures, the BCBS approved a final standard to provide for an innovative and efficient channel of bank disclosures. The final standard will be published around the end of the year.
• Cryptoassets: The Committee is reviewing targeted elements of its prudential standard for banks' exposures to cryptoassets, and expects to provide an update by the end of the year.
• Global systemically important banks (G-SIBs): The BCBS approved the results of the end-2025 assessment exercise under its G-SIBs framework. The results will be submitted to the Financial Stability Board before it publishes the 2026 list of G-SIBs. The BCBS also approved revisions to the G-SIB assessment framework to reduce "window-dressing" behaviour by banks following an earlier consultation. The revisions will be published later this month. In addition, it agreed to publish an update to its methodology for comment on whether to incorporate the treatment of cross-border exposures within the European banking union in the G-SIB framework. The consultation will also be published later this month.
• Interest rate risk in the banking book (IRRBB): The Committee agreed to consult on additional Pillar 2 guidance for banks and supervisors to strengthen implementation of the IRRBB framework. The consultation will be published next month.
• Liquidity: The BCBS is assessing targeted updates to its Principles for Sound Liquidity Risk Management and Supervision, which were published in September 2008. An update on this work will be provided later this year.

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