Chair – Gonzalo GASOS (European Banking Federation), Vice-Chair – Masayuki SAEGUSA (Japanese Bankers’ Federation)
The Prudential Supervision Working Group (PSWG) provides a forum to engage with international standards setters, in particular the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision (BCBS) which leads the development of guidelines and standards for the prudential regulation and supervision of the banking industry.
The remit is broad, covering the Accords that underpin agreements on the level and form of capital and loss-absorbing instruments held by banks and guidance on general banking supervisory matters. The PSWG engages with the FSB and the BCBS. Recent issues include the prudential impacts of the Basel 3.1 implementation, the trade-off between financial stability and economic growth, the lessons learnt from the 2023 banking crisis, the banks’ liquidity requirements or the risks of extreme weather events, amongst others.
In our advocacy efforts, we reinforce the IBFed’s goal of supporting and promoting economic growth and the capacity of banks to finance the broader economy.