Call for nominations: Appointment of academic advisors for the BCBS evaluation of Basel III reforms

Call for nominations: Appointment of academic advisors for the BCBS evaluation of Basel III reforms

30 October 2020

The Basel Committee on Banking Supervision (BCBS) is taking forward the evaluation of its Basel III post-crisis regulatory reforms. The evaluation will be carried out by its Task Force on Evaluations (TFE), co-chaired by Mr Dominique Laboureix, Secretary General, French Prudential Supervision and Resolution Authority, and Ms Jing Yang, Managing Director, Financial Stability, at the Bank of Canada.

The evaluation will examine (i) the extent to which Basel III post-crisis regulatory reforms that have been implemented to date have achieved their objectives; (ii) the interactions among the Basel III reforms and other post-crisis reforms; and (iii) whether there are gaps in the Basel regulatory framework or any material unintended effects. The evaluation, which will incorporate lessons learned from the Covid-19 crisis, will notably assess the impact of Basel III reforms, both individually and collectively, on the resilience of banks and the global banking system. This will include evaluating if and how changes in bank behaviour triggered by the reforms have, in turn, affected banking sector resilience.

The BCBS seeks to appoint up to three academic subject matter experts from December 2020 until the evaluation's completion in spring 2022. The experts would support the TFE in the conduct of a range of empirical analyses. This involves providing input on methodological approaches and analytical issues, discussing the findings and reviewing the draft evaluation report at designated milestones. The bulk of the work is expected to take place between spring 2021 and spring 2022. The BCBS will pay an honorarium commensurate to the seniority level and time devoted to this role and cover, if any, associated travel expenses.

The selected academics should have demonstrated research and analytical expertise, including a strong publication record, in some or all of the following areas:

Empirical analysis of the effects of individual Basel standards on banks (such as the risk-weighted capital framework, liquidity standards, capital buffers, large exposures framework and leverage ratio) and familiarity with the relevant literature, databases and econometric techniques.
Empirical analysis on the effects of the Basel regulatory framework on the resilience of the global banking system (eg assessing systemic risk in the banking sector, interconnectedness among global systemically important banks and cross-jurisdictional effects), cross-sectoral spillovers, the functioning of markets, the provision of financing, and overall economic output and welfare.
Familiarity with international financial standards and the policy, legal or operational aspects of the regulation and supervision of internationally-active banks.

Candidates for academic advisors are being solicited through this public call and from BCBS members. The BCBS will review candidates and select the academic advisors in November/December 2020.

Nominations (expressions of interest and a CV) should be submitted to the BCBS at baselcommittee@bis.org with "Academic call - Basel III reform evaluation" in the subject line by 20 November 2020. For more information, please contact the BCBS Secretariat (Olivier.Prato@bis.org; Page.Conkling@bis.org; Masaya.Hatoma@bis.org).