Basel 4– the journey continues

Basel 4– the journey continues

On 27 March, the Basel Committee on Banking Supervision (BCBS) announced its deferral of the implementation of the final Basel 3 package (Basel 4) by one year to 2023 in response to COVID-19.

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In perhaps the most significant concession for banks, the  Basel Committee’s oversight body, the Group of Central  Bank Governors and Heads of Supervision (GHOS),  announced deferral of the implementation deadlines for  Basel 4, in order to provide additional operational capacity  for banks and supervisors.

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