Chair – Simon HILLS (UK Finance), Vice-Chair – Gonzalo GASOS (European Banking Federation), Vice-Chair – Masaaki MISAWA (Japanese Bankers’ Federation)

The Prudential Supervision Working Group provides a forum to engage with 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 held by banks and guidance on general banking supervisory matters.

The Prudential Supervision WG continues to engage with the Basel Committee on its prudential agenda. Recent issues include the prudential impacts of the International Financial Reporting Standard (IFRS) 9) (with the Accounting Working Group), the capital treatment of sovereign exposures, step-in risk and Pillar 3 disclosure issues (through the IBFed Disclosure Task Force). There is also continuous engagement with the Financial Stability Board (FSB) on its financial reform agenda, including monitoring developments on environment and social risk disclosures.

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.