Supervisory priorities in non-Basel Committee jurisdictions

FSI Papers
October 2016

In March 2016, the Financial Stability Institute (FSI) conducted a survey amongst jurisdictions that are not members of the Basel Committee on Banking Supervision (BCBS) to gain a comprehensive understanding of their supervisory priorities and challenges. Survey results show that the top three macroeconomic and financial stability challenges in non-BCBS jurisdictions are: (i) increasing digitalisation of finance and financial technology; (ii) the low or negative interest rate environment; and (iii) commodity price volatility. In addition, responses to the survey indicate that the top three enhancements to supervisory approaches based on the number of responses indicating that they are high-priority are: (i) ensuring a forward-looking approach to (risk-based) supervision; (ii) enhancing on-site and off-site supervisory approaches; and (iii) strengthening bank resolution frameworks.