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Basel Committee to foster supervisory effectiveness and assess performance of Basel framework, progress report says

( October 11, 2024, 08:01 GMT | Official Statement) -- MLex Summary: The EU banking sector saw the Basel Committee on Banking Supervision release today its progress report to the G20 Finance Ministers and Central Bank Governors on the 2023 banking turmoil and liquidity risk. The report builds on the committee’s stocktaking exercise of the regulatory and supervisory implications of the turmoil published in October last year. In today's report, the committee shows its commitment to "strengthen supervisory effectiveness and assess whether specific features of the Basel Framework performed as intended."Press release follows. Report attached....

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