30th June 2017

BBA response to Basel Committee on Banking Supervision Consultative document Global systemically important banks

The BBA has responded to the Basel Committee’s consultation on revisions to the G-SIB assessment framework, encouraging it to recalibrate the three substitutability indicators, taking into account the low level of risks arising from assets under custody well opposing the widened scope which would include insurance subsidiaries.

Given the substantial progress made on resolution planning we recommender that the G-SIB assessment be aligned with the wider resolution framework.

Please read the full response via the link below.