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Charting the course: prudential regulation and supervision for smooth sailing

· Erik Thedéen, Chair of the Basel Committee on Banking Supervision (International)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision

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· Erik Thedéen Wiki · Basel Committee on Banking Supervision WikiCharting the course: prudential regulation and supervision for smooth sailing

ContextKeynote speech by Erik Thedéen, Chair of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, at the Institute of International Finance Annual Membership Meeting, Washington DC, 23 October 2024.

Why it mattersThe Basel Committee chair argues for simple, comparable rules alongside risk sensitivity.

Problems raised
  1. Banking involves deep uncertainty, not only measurable risk.
  2. Overly complex rules can be less robust.
  3. Implementation of the Basel reforms is uneven.
Solutions proposed
  1. Balance risk sensitivity with simplicity and comparability.
  2. Implement Basel III fully and consistently.
  3. Keep supervision strong and forward-looking.
Read full speech on bis.org ↗

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