GHOS welcomes Basel III progress, endorses cryptoasset and G-SIB reviews
The Group of Central Bank Governors and Heads of Supervision (GHOS) met on March 9, 2026, welcoming progress on Basel III implementation. The group also endorsed targeted reviews of prudential standards for cryptoassets and global systemically important banks.
Commitment to global standards
The GHOS reviewed the status of outstanding Basel III reforms, noting that approximately 75 percent of member jurisdictions have either implemented or are set to implement the standards, with remaining jurisdictions having communicated their plans.
Members reaffirmed their expectation for full and consistent implementation of the Basel III framework as soon as possible.
The group emphasized that recent financial market shocks highlight the importance of a prudent global regulatory framework and a regulatory level playing field.
Consequently, the GHOS tasked the Committee with continuing to monitor and assess the full and consistent implementation of Basel III across all member jurisdictions.
Scrutiny for crypto and G-SIBs
Two new targeted reviews were endorsed by the GHOS.
The first will examine specific elements of the Committee's prudential standard for banks' cryptoasset exposures, prompted by recent market developments in this area.
The second review will focus on the governance and transparency of the assessment methodology used for global systemically important banks (G-SIBs).
This aligns with the process of ongoing monitoring and review of the G-SIB framework.
Updates on both reviews are expected later this year.
Strengthening the regulatory foundations
The GHOS's continued push for full Basel III implementation underscores a commitment to global financial stability amidst ongoing market volatility.
Endorsing reviews for cryptoassets and G-SIBs demonstrates a proactive approach to evolving risks and existing framework integrity.
This dual focus reinforces the adaptive nature of international banking supervision.