The Basel Committee on Banking Supervision at the Bank for International Settlements approved the results of the end‑2024 assessment exercise for global systemically important banks (G-SIBs), agreed a terminology change to improve the clarity of its jurisdictional assessment grades, and reviewed the implementation of margin requirements for non‑centrally cleared derivatives. The end‑2024 G-SIB assessment results will be submitted to the Financial Stability Board ahead of publication of the 2025 list of G-SIBs. For its Regulatory Consistency Assessment Programme (RCAP) jurisdictional assessments, which evaluate alignment of domestic rules with Basel minimum standards, the Committee agreed to rename the third overall compliance grade from “materially non-compliant” to “partially non-compliant” while retaining the four-grade structure. It also approved a finalised technical amendment on the hedging of counterparty credit risk exposures, and discussed a joint Basel Committee and International Organization of Securities Commissions report finding no evidence of material implementation issues with the non‑centrally cleared derivatives margin framework and pointing to increased financial system resilience. The technical amendment on hedging counterparty credit risk exposures is due to be published later in October 2025.
Bank for International Settlements 2025-10-02
Bank for International Settlements' Basel Committee approves end‑2024 G-SIB assessment, renames an RCAP compliance grade and reviews non‑cleared derivatives margining
The Basel Committee on Banking Supervision approved the end-2024 assessment results for global systemically important banks (G-SIBs) and agreed to rename a compliance grade in its Regulatory Consistency Assessment Programme. The Committee finalized a technical amendment on hedging counterparty credit risk exposures and reviewed a report with the International Organization of Securities Commissions, finding no significant issues with the non-centrally cleared derivatives margin framework.