Erik Thedéen chaired the Basel Committee on Banking Supervision meeting in Stockholm
News On 20-21 May, the Basel Committee on Banking Supervision met in Stockholm. The meeting was chaired by Erik Thedéen, Governor of the Riksbank, who has been the chairman of the Committee since May 2024.
Members of the Committee discussed risks and vulnerabilities related to the global financial stability and recent developments in the supervision and regulation of internationally active banks. The Committee also agreed, among other things, to publish a voluntary disclosure framework for climate-related financial risks for jurisdictions to consider. Discussions also included the ongoing digitalisation of the financial sector.
The Basel Committee on Banking Supervision (BCBS) is the primary global standard-setter for the regulation of banks and provides a forum for cooperation on banking supervisory matters. Its members are central banks and supervisory authorities from around the world. The Committee works to promote global financial stability by improving and harmonising bank regulation and the supervision of banks, and also by trying to influence the practices of banks so that they better control and reduce their risks.