The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, welcomed progress on implementing the remaining Basel III reforms and reaffirmed its expectation that all member jurisdictions deliver full and consistent implementation as soon as possible. GHOS noted that around 75% of member jurisdictions have implemented, or will shortly implement, the outstanding standards, while the remaining jurisdictions have communicated plans to do so. It tasked the Basel Committee with continuing to monitor and assess implementation and endorsed two targeted reviews: specific elements of the prudential standard for banks’ cryptoasset exposures in light of recent cryptoasset market developments, and the governance and transparency of the assessment methodology for global systemically important banks as part of the ongoing monitoring and review of the G-SIB framework. Updates on the reviews are expected later this year.
Bank for International Settlements 2026-03-09
Bank for International Settlements' GHOS welcomes Basel III implementation progress and endorses targeted reviews of cryptoasset and global systemically important bank standards
The Group of Central Bank Governors and Heads of Supervision (GHOS) acknowledged progress on Basel III reforms and urged full implementation by all member jurisdictions. Approximately 75% of jurisdictions have implemented or plan to implement the standards, with the Basel Committee tasked to monitor progress. GHOS endorsed reviews on banks' cryptoasset exposures and the G-SIB framework's governance and transparency.