The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, met on 4 February to endorse the Committee’s work programme and strategic priorities for 2025-26.
The key themes of the Committee’s 2025-26 work programme include the following:
(i) Basel III implementation;
(ii) Risk assessment and safeguarding resilience, including the ongoing follow-up work in response to the lessons learnt from the March 2023 banking turmoil;
(iii) Digitalisation of finance; and
(iv) Liquidity.
The GHOS also agreed to take stock of the Committee’s work on climate-related financial risks later this year.
In undertaking its work, the Committee will continue to collaborate and cooperate with a wide range of stakeholders. This includes ongoing collaboration with other standard-setting bodies and international fora on cross-sectoral financial initiatives. The Committee will also continue to pursue its long-established approach of seeking the views and inputs of a wide range of external stakeholders.
Tiff Macklem, Chair of the GHOS and Governor of the Bank of Canada, stated: “All GHOS members unanimously reaffirmed their commitment to implement Basel III in full and consistently to ensure a global level playing field and to promote the resilience of the global banking system.”
Erik Thedéen, Chair of the Basel Committee and Governor of Sveriges Riksbank, stated: “By promoting global cooperation and pursuing a forward-looking approach to mitigating emerging risks and vulnerabilities affecting the global banking system, the Committee’s 2025-26 work programme seeks to further strengthen the regulation, supervision and practices of banks worldwide, promote global financial stability and support long-term economic growth.”
