Research and the Basel Committee on Banking Supervision

Speech by Carolyn Rogers, Secretary General of the Basel Committee on Banking Supervision, at the EBA Policy Research Workshop, 12 November 2020.

Introduction

Good afternoon, and thank you for inviting me to speak at this year's EBA Policy Research Workshop.

As many of you know, research is critical to the work of the Basel Committee. Since its inception in 1974, the Committee's work has been grounded on two key analytical principles:

• First, policy and supervisory initiatives should be based on rigorous conceptual and empirical analyses; and
• Second, there is a need to engage extensively and transparently with a wide range of external stakeholders, including academics. Unlike with global pandemics, self-isolation is not an option for effective policymaking and supervision. Whether it is through our research conferences, working papers or ad hoc outreach events, the Committee places great weight on the input of researchers.

I will focus my remarks today on the relationship between the Committee and research. I will first review some examples of how research has contributed positively - and, at times, somewhat less positively - to the work of the Committee in the past. I will then discuss some of the topical initiatives on the Committee's work programme that would benefit greatly from academic input.